05 Feb PROJ586 Project Management

PROJ586 Project Management Systems WEEK 4 HOMEWORK—EARNED VALUE PROBLEMS In this homework assignment, you will be working through two crashing problems and four earned value problems. All the information you need is included within this Homework packet. Make sure you answer all parts of the questions in their entirety. Once you have worked through the problems, please post your responses to the Dropbox. Please refer to the course Syllabus for the due date. PROBLEM 1 Use the network diagram below and the additional information provided to answer the corresponding questions. [15 points] .jpg” alt=”Crashing network 1″> a) Give the crash cost per day per activity. [10 points] b) Which activities should be crashed to meet a project deadline of 10 days at minimum cost? What is the cost impact of crashing these activities? [3 points] c) Find the new budget (or cost of the project). [2 points] The new budget of the project is $1750 PROBLEM 2 Use the network diagram below and the additional information provided to answer the corresponding questions. [13 points] .jpg” alt=”Crashing network 2″> a) Give the crash cost per day per activity. [10 points] b) Which activities should be crashed to meet a project deadline of 13 days at minimum cost? What is the cost impact of crashing these activities? [3 points] PROBLEM 3 [8 points] Month AC PV EV 22 $540 $523 $535 a) Calculate the CV (Cost Variance). [2 points] b) Is the CV over or under budget? [2 points] c) Calculate the SV (Schedule Variance). [2 points] d) Is the SV ahead or behind schedule? [2 points] PROBLEM 4 [8 points] Month AC PV EV 5 $34 $42 $39 a) Calculate the cost performance index (CPI). [2 points] b) Is the project cost efficient or not efficient? [2 points] c) Calculate the schedule performance index (SPI). [2 points] d) Is the schedule efficient or not efficient? [2 points] PROBLEM 5 [8 points] Day ACWP BCWS BCWP 65 $550 $735 $678 a) Calculate the CV (Cost Variance). [2 points] b) Calculate the CPI (Cost Performance Index). [2 points] c) Calculate the SV (Schedule Variance). [2 points] d) Calculate the SPI (Schedule Performance Index) [2 points] PROBLEM 6 [8 points] Day ACWP BCWS BCWP 65 $750 $735 $678 a) Calculate the CV (Cost Variance). [1 point] b) Calculate the CPI (Cost Performance Index). [1 point] c) Calculate the SV (Schedule Variance). [1 point] d) Calculate the SPI (Schedule Performance Index) [1 points] e) Explain the project performance in terms of efficiency, budget and schedule. What should the project manager do for the project? [4 points]

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