Earned Value Analysis

Q1. Using a suitable example each, describe what the following project planning process activities involve: a. Establish project objective; b. Define scope; c. Create a Work Breakdown Structure (WBS); d. Estimate activity durations; e. Sequencing activities.

ces Mailings Po V ates) EE E AL Review View Tell me $ Text Predictions: On 4 BIU 1. Evergreen Company wants to construct a new office building. The company has contracted a construction management contractor for this project. Given below are the details of a construction project. ✓ ✓ ✓ % Activity A 5 B C D ¶ E F — a) Construct the project network (AON) diagram for Evergreen Company and list all possible activity paths and their duration. b) Determine Evergreen Company's critical path(s). What is the duration of project competition? c) Determine the ES, EF, LS, LF, and floats for each activity. d) Construct a Gantt chart for Evergreen Company's project. AaBbCcDdEe Normal A STR 6 Predecessor(s) Duration (days) 1 2 A A B B, C E AaBbCcDdEe No Spacing !!! 3 2 1 1 & 7 E Do AaBbCcL AaBbCcDd AaBb AaBbCeDdE Heading 1. Heading 2 Title Subtitle * 00 8 I 9 Focus ( ) 0 Comm > St F

Create a Project Charter, a template is provided below

a) Determine the expected completion time and variance for each activity. b) Determine the total project completion time and the critical path for the project. c) Determine ES, EF, LS, LF, and slack for each activity. d) What is the probability that Kelle Carpet and Trim will finish the project in 40 days or less?

Earned Value Analysis of the project supported by cost Performance Index and Schedule Performance Index readings. Comment on the progress of each activity and overall health of the project. Activity BCWS ACWP 1- Percentage Completion 80% Rs. 30,000 Rs. 25,000 2- Percentage Completion 40% Rs. 60,000 Rs. 80,000 3- Percentage Completion 100% Rs. 80,000 Rs. 78,000 Cumulative Rs. 170,000 Rs. 183,000

O O D 40 4 22:31 photo_2021-02-2... O By using Bar chart planning method, find the following: - Total duration for the project activities shown below - The project completion date (assume the start date is 1/3/2012 Activity A В CDEF GHIJ Duration 8 28 4 6. 4 5 6 (days) Following C,DEFGH Activity * If the project shown above had a delay of (4 days after (13working days), what would its new delivery date be? 7. 5,

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8 EARNED VALUE ANALYSIS The following project is reported to be at the end of its 8 week. Find the cost and schedule variances. Also find the CPI, SPI, CSI, ETC and EAC for the project. Find the condition of the project at the this reporting period. PV AC Budget ($) Duration Actual Cost % D-8 Activity Predecessor (s) (week) ($) Complete 300 400 A 3 100 A3 В 4 200 180 100 B:4 C 7 250 300 90 A 8 600 400 50 400 200 В 40 150 180 F В 4 100 G C 4 100 200 40 500 H D, E 2 300 F, G 3 J H, I 1 100 ㅇ CO 프 (-)

The detail of the direct cost for project XYZ are given in Table 1. Table 1 Details for Project XYZ Normal Direct Cost 100 150 Activity Predecessor Maximum Slope Time (day) crash time A 100 50 A 3 A 4 200 1 200 200 D B 3 1 60 E C 4 2 D.E 70 90 F 3 150 1 The indirect cost is listed in Table 2. i. If the project needs to be crashed from its initial time, T1 to T5, list the step-by-step changes in activity and the direct cost to crash the project in Table 2,. ii. Identify the project's lowest cost possible within T1-T5 duration Table 2 Project Duration Activity crashed Step Total Direct Indirect Total Cost Cost Cost 1 Initial time T1 900 New time T2 800 New time T3 600 4 New time T4 550 New time T5 500

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N5      Explain some of the basic principles of cost management, such as profits, life cycle costs, tangible and intangible costs and benefits, direct and indirect costs, and reserves. Why is defining activities a process of project time management instead of project scope management?

Program/Project Management PMO - Project Governance Summary and overview.

PERT-CPMYu and Mi Company is planning to computerize its accounting system. Its IT consultant has determined thefollowing activities required to complete this project together with the time estimates and precedence relationships. a. Determine the expected project completion time and the variance.b. What is the project’s critical path?c. Determine the probability that the project will be completed in 40 weeks or less.

[Project Management] Because a housing project is running late, the developer will need to complete and deliver the houses as quickly as possible. You and your management team are responsible for mitigating the situation by including a time-cost trade-off analysis into the project. You will need to include the following: Normal crash Activity Prior Days cost, RM Days cost, RM A 7,000 7,000 B A 8,000 9 8,000 B 14 6,000 12 11,000 D B 18 5,000 11 8,500 E C,D 12 8,000 12 8,000 E 20 6,000 16 12,000 E 7,000 7,000 E 11 11,000 7 15,000 G, H 10 15,000 21,000 7 I, F 6 9,000 6 9,000 Construct a network diagram (PDM), including activity early start, late start, early finish, late finish and float.

Q1. Using a suitable example each, describe what the following project planningprocess activities involve:a. Establish project objective;b. Define scope;c. Create a Work Breakdown Structure (WBS);d. Estimate activity durations;e. Sequencing activities.

11. Using​ PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 ​months, and the project variance is 4. Part 2 ​a) The probability that the project will be completed in 20 months​ = ______ ​(round your response to four decimal​ places)

Develop a project network.  Determine the expected project completion time.  What is the probability that the project completion time will be completed? With in 2 weeks earlier than the expected project completion time?  With in 1.5 week more than the expected project completion time ?

Jabez Contractors installs network routers. Using the CPM method and in reference to the table provided comment on the expected completion time of the projectand identify the activities that neeD to be prioritised by the project manager. (Nodiagram is required) TABLE- PROJECT INSTALLATION Activity                       Predecessor         optimistic                Most Likely           Pessismistic          Estimated time A - 4 7 10 7 B - 2 9 10 8 C A,B 2 5 8 5 D C 16 19 28 20 E C 6 9 24 11 F E 1 7 13 7 G C 4 10 28 12 H D,F 2 5 14 6 I G 5 8 17 9 J H,I 2 5 8 5

1. Analyze the cost variance metric, and include the equation and what the acronyms stand for. 1. Describe one project software program that could help a project manager control costs.

Project Duration= Planning on spending per month Project Budget (BAC) Percent complete per month Performance Analysis % Complete Planned Value (PV) Actual Cost (AC) Earned Value (EV) Schedule Variance (SV) Schedule Performance Index (SPI) Cost Variance (CV) Cost Performance Index (CPI) Estimate at Completion (EAC) Estimate to Complete (ETC) Variance at Completion (VAC) 5 months $300,000.00 $1,500,000.00 Month 1 20% 20% of work completed 15% of work completed Spent additional $110,000 Month 2 Instructions: Utilizing the EVM cheat sheet provided by the instructor, complete the calculations i formulas and functions to attain your answers. Please do not simply plug in numbers. This exerci ability to use Excel. Finally, answer the questions below to explain your answers. Question 1: What do your SV numbers tell you about the project schedule and how? Answer 1: Question 2: What do your SPI numbers tell you about the project schedule and how? Answer 2:

1. Draw the network diagram for the above project.  2. What is the critical path? 3. What is the completion time ? 4. What is the probability of completion of the project before week 42?

You are the manager of a project to improve a billing processat your firm. Table 7.7 contains the data you will need toconduct a cost analysis of the project. Indirect costs are $1,600per week, and penalty costs are $1,200 per week after week 12.a. What is the minimum-cost schedule for this project?b. What is the difference in total project costs between the ear-liest completion time of the project using “normal” timesand the minimum-cost schedule you derived in part (a)?

The Advanced Tech Company has a project to design an integrated information databasefor a major bank. Data for the project are given in Table Q2 below. Indirect project costsamount to $300 per day. The company will incur a $150 per day penalty for each day theproject lasts beyond day 14.(a)What is the shortest time duration and cost for this project?B)What is the total cost and time of the minimum-cost schedule?

The expected times and variances for the project activities are given below, critical path is A-D-F-H. What is the probability of the completing the project in 29 periods? ID Description A B C D E LL G H Pilot production Select channels of distribution Develop program Test market Patent Full production Ad promotion Release 40% 50% 70% 60% Predecessor None None None A A D B.E.F.G 6 7 4 4 10 16 3 2 Variance [(b-a)/6]2 3 4 2 2 5 10 2 1

Using the information given and the project completiontime calculated in Problem 9(a), reduce the completion time ofthe project by 3 weeks in the most economical way.

Project management

Th e dean of the business school wants to start off eringthis program starting 32 weeks from now. Using the informationprovided in Problem 15,(a) Calculate the probability of the program starting ontime.(b) If the dean needs a 95 percent probability of being doneon time, how long can the expected project duration be?