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PROJ 592 Final Exam latest version

PROJ 592 Final Exam latest version

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Author: Abraham Nolito
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1. (TCO F) Earned Value 

The following data were obtained from a project to design a new software package:
Activity

Duration

Predecessors

Budgeted Cost

A

3 Days

--

$8,320

B

6 Days

--

$11,740

C

4 Days

A

$11,550

D

2 Days

C, B

$7,850

E

3 Days

A

$10,750

F

2 Days

D, E

$8,600

At the end of day 5, the status of the project is as follows:
Activity

% Complete

Actual Cost

A

100%

$7,200

B

80%

$10,370

C

25%

$8,250

D

0%

$0

E

80%

$8,560

F

0%

$0

(a) Calculate the Cost and Schedule Variances and Indexes (CV, SV, CPI, SPI) for tasks A, B, C, D, and E.

(b) Write a brief analysis of the status of the project at this time, including task level, project level, and critical path.
(Points : 30)
2. (TCO E) Resource Allocation/Leveling

The following data were obtained from an in-house MIS project
Activity

Duration

Predecessors

Personnel/Cost

A

3 days

--

One systems analyst/$260 day

B

6 days

--

Three programmers/$200 day each

C

4 days

A

Three programmers/$200 day each

D

2 days

C

Two hardware specialists/$230 day each

E

3 days

A

One systems analyst/$260 day

F

2 days

D and E

One test engineer/$300 day

Personnel Available

Quantity

Systems analysts

1

Programmers

3

Hardware specialists

2

Test engineers

2

The software manufacturer has only the above personnel available for the project. Additional personnel can be hired from an agency at a 90% cost premium if needed.

(a) Identify any resource conflicts in the above project. State the activities involved, the time frame of the conflict(s), the personnel in conflict and the number of people involved.

(b) Note that operations cannot be split; what is the least cost method of resolving the conflict(s), assuming the project duration must not be extended? What additional cost, if any, will be incurred?
(Points : 30)
3. (TCO C) Your project manager has asked you to explain two new terms he has recently learned of. The two new terms are life cycle costing and opportunity costs. Please explain each of these costs and when each is used.
4. You have been assigned as a team member for a major HR project in your organization. Your project manager has asked you to assist her with three new terms she learned about at a recent conference. The terms are corrective action, preventative action, and defect repair. Please define each and provide an example of each
5.You are the project manager for three different projects.

Project A: This project is in the execution stage of the project. It is behind schedule by 7 weeks; it was scheduled to be completed in 10 weeks. The sponsor is desperate to accomplish something on this project. The budget is limited to the original amount, and all soft predecessors have already been removed.
5.You are the project manager for three different projects.

Project A: This project is in the execution stage of the project. It is behind schedule by 7 weeks; it was scheduled to be completed in 10 weeks. The sponsor is desperate to accomplish something on this project. The budget is limited to the original amount, and all soft predecessors have already been removed.2. (TCO G) Your project is progressing well in your estimation. Your team has collected the following data. From these data, calculate the project’s ETC.
Activity A is 60% complete at a cost so far of $50,000. It was estimated to cost $200,000 when finished. It is at the end of Week 3 of 5. Activity B is 85% complete at a cost so far of $150,000. It was estimated to cost $80,000 when finished. It is at the end of Week 4 of 5. Activity C is complete at a cost so far of $110,000. It was estimated to cost $100,000 when finished. Assume spending will continue at the same rate. (Points : 25)


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