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Can someone please check this work and answer number 9


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Can someone please check this work and answer number 9


Running head: PROJECT ANALYSIS 1 Use the project network, baseline time-phase budget and status information below to answer questions in this problem

 

set. Baseline (PV)

 

Budge

 

Task DUR ES LF SL t (PV) 0

 

A

 

2

 

0 2

 

0

 

B

 

3

 

2 5

 

0

 

C

 

1

 

2 6

 

3

 

D

 

2

 

2 5

 

1

 

E

 

1

 

5 6

 

0

 

F

 

2

 

4 7

 

1

 

G

 

3

 

6 10 1

 

H

 

4

 

6 10 0

 

I

 

3

 

6 10 1

 

J

 

2

 

10 12 0

 

Period PV Total

 

Cumulative PV Total 100

 

200

 

200

 

200

 

100

 

600

 

600

 

800

 

600

 

600 25 1 2 3 4 5 6 7 8 9 200

 

200

 

100 100

 

200

 

400 300

 

200

 

100 200 10 11 75

 

50 100 50

 

200

 

150 50

 

300 25

 

25 100

 

300 300 300

 

75 400 150 350 400 500 700 600 200 300 300

 

100 500 650 1000 1400 1900 2600 3200 3400 3700 4000 12 Section I

 

Based on the data provided in the Period 4 Status Report below answer the questions in this section. Status Report Ending Period 4

 

Task %

 

EV AC PV

 

Complete

 

A

 

100%

 

150 150 75

 

B

 

50%

 

40 80 65

 

C

 

75%

 

37.5 100 87.5

 

D

 

50%

 

62.5 125 87.5

 

E

 

0%

 

0

 

F

 

0%

 

0

 

G

 

0%

 

0

 

H

 

0%

 

0

 

I

 

0%

 

0

 

J

 

0%

 

0 CV

 

0

 

40

 

62.5

 

62.5 SV

 

75

 

25

 

50

 

25 After period 4, what is the Planned Value (PV) of the worked schedule for Task A (round answer to two

 

(75+65+87.5+87.5)= 315

 

2. After period 4, what is the Earned Value (EV) for Task D (round answer to two decimal places)?

 

(150+40+37.5+62.5)= 290

 

3. After period 4, what is the Cost Variance (CV) for Task B (round answer to two decimal places)?

 

Budgeted-cost

 

40+62.5+62.5= 170

 

4. After period 4, what is the Schedule Variance (SV) for Task C (round answer to two decimal places)?

 

75+25+25+50=175

 

1. Section II

 

Based on the data provided in the Period 8 Status Report below answer the questions in this section. Status Report Ending Period 8 Task % Complete

 

A

 

100%

 

B

 

100%

 

C

 

100%

 

D

 

100%

 

E

 

100%

 

F

 

100%

 

G

 

100%

 

H

 

45%

 

I

 

15%

 

J

 

0%

 

Cumulative Totals EV

 

100

 

200

 

200

 

200

 

100

 

600

 

600

 

360

 

90

 

0

 

2450 ACPV

 

CV

 

150 100

 

140 200

 

110 200

 

260 200

 

120 100

 

520 600

 

700 300

 

100 400

 

100 500

 

0

 

0

 

2200 2600 SV

 

-50

 

60

 

90

 

-60

 

-20

 

80

 

-100

 

260

 

-10

 

0

 

250 0

 

0

 

0

 

0

 

0

 

0

 

300

 

-40

 

-410

 

0

 

150

 

- After period 8, what is the Scheduling Performance Index (SPI) value (round answer to two decimal

 

places)?

 

SPI=BCWP/ BCWS

 

2600/250=10.4

 

6. After period 8, what is the Cost Performance Index (CPI) value (round answer to two decimal places)?

 

CPI=BCWP/ ACWP

 

2450/2600=0.94

 

7. After period 8, what is the Percent Complete Index based on Budget Amounts (PCI-B) (round

 

answer to two decimal places)?

 

BAC= total PV for the project

 

(2600/2200)=1.18

 

8. After period 8, what is the To Complete Performance Index (TCPI) (round answer to two decimal

 

places)?

 

TCPI= (BAC-EV)/ (EAC-AC)

 

(2600-2450)/ (2450-2200) =0.6

 

9. After period 8, what is the forecasted Estimated Total Cost at Completion (EACf) (r round answer to

 

two decimal places)? (Hint: use the forecasting method)

 

10. Estimate at Completion = (Budget at Completion) / (Cost Performance Index)

 

(2450/ 0.94) =2606

 

11. After period 8, what is the forecasted Variance at Completion (VACf) (round answer to two decimal

 

places)? (Hint: use the forecasting method)

 

Variance at completion=BAC-EAC

 

2600-2450= (150/2600)*100=5.7%

 

5. Section 3 You have been provided with the following revised estimates for the remainder of the project: Activity H will be completed at the end of period 12 at a total cost of 600 Activity I will be completed at the end of period 12 at a total cost of 750 Activity J will be completed at the end of period 14 at a total

 

cost of 500 Use the above revised estimates to answer the questions

 

in this section.

 

Base on the revised estimates, what is the Estimated Total Cost at Completion (EACre) (round

 

answer to two decimal places)? (Hint: use the revised estimate method)

 

Total cost of completion=budget at completion/ cost performance index

 

(2600+600+750+500)/0.94= 4734.04

 

13. Base on the revised estimates, what is the Variance at Completion (VACre) (round answer to two

 

decimal places)? (Hint: use the revised estimate method)

 

12. Variance at completion=BAC-EAC

 

(4450-2450)/2450= (2000/ 4450)*100=44.94% Section 4 Use the information provided below to compress one time unit per move using the least cost method. Reduce the

 

schedule until you reach the crash point of the network. Table 2 Activity ID

 

A

 

B

 

C

 

D

 

E

 

F

 

G

 

H Activity

 

Predecessor

 

None

 

None Crash

 

Cost

 

(Slope

 

125

 

225

 

B 150 A, C

 

A, C E, F, G Max

 

Crash

 

Time 50

 

-B 300

 

D 100

 

200 Normal

 

Cost

 

2

 

2

 

3

 

1

 

0

 

3

 

2

 

3 2000

 

4000

 

2500

 

1000

 

5000

 

3000

 

500

 

1000 Normal Time

 

(days) 5

 

4

 

7

 

2

 

3

 

8

 

5

 

6 What is the direct cost of the project after the project is crashed using the least cost method to

 

duration of 18 days (round answer to two decimal places)?

 

Normal cost= (2000+4000+2500+1000+5000+3000+500+1000) =19000

 

Crash cost = (125+225+150+50+300+100+200) =1150

 

Direct cost= normal cost-crash cost= 19000-1150=17850

 

15. Which activities do you need to crash to get to the crash point of the network?

 

Activities to be crashed are activities F and C

 

16. What is the duration (in days) of the project after the project is crashed to the crash point of the network?

 

= 5+4+7+2+3+8+5+6=40-3= 37 days.

 

14. Section 5 Table 3 below provides the direct and indirect costs incurred by an IT project for various

 

project durations. Use this information to answer the questions in this section.

 

Table 3

 

Project Duration

 

(in days) Indirect Cost

 

Direct Costs 57

 

54

 

50

 

48 3200

 

3400

 

3550

 

3850 1100

 

1050

 

1000

 

950 Given the data provided in Table 3, should the project be crashed? Project should not be

 

crashed since the actual normal cost and budgeted cost is the same therefore no amount

 

will be saved upon crashing the product (Bartlett, 2004).

 

18. If the project?s client was willing to pay $100 for each day the project was delivered

 

early to the 48th day mark, what day would you crash the project to?

 

Total anticipated cost =100*48= 4800

 

Total actual cost= 3850+950=4800

 

17. Section VI

 

Use the information provided below to answer the question in this section.

 

Assume your project team has identified two factors that significantly affect the project?s

 

probability of failure, degree of integration (Pi) and number of units involved (Pn); where the

 

probability of Pi and Pn are 0.30 and 0.45, respectively. They have also identified the following

 

five consequences: time (Ct), budget (Cb), quality (Cq), external stakeholder satisfaction (Ce),

 

and internal stakeholder satisfaction (Ci). They have determined the value of these

 

consequences as follows: Ct= 0.20, Cb= 0.40, Cq= 0.30, Ce= 0.30, and Ci = 0.10.

 

Based on a calculated risk factor (RF), how would you classify the risk (Low RF < 0.30,

 

Medium RF 0.30 to 0.70, High RF > 0.70)?

 

Time= 0.30*0.2 +0.45*0.20=0.14 the risk factor is low.

 

Budget=0.45*0.4 +0.30*0.4=0.4 the risk factor is medium.

 

Quality= 0.30* 0.3+0.45*0.0.3=0.225 the risk factor is low.

 

External stakeholder function=0.3*0.3+0.3*0.45=0.225 the risk factor is low.

 

Internal stakeholder=0.1*0.3+0.3*0.45=0.155 the risk factor is low.

 

19. s Section 6

 


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