PROJ 592 Entire Course Guide Week 1 – 8

Version 1

1. Question : (TCO B) Crashing Problem Using the network below and the additional information provided, find: (a) The crash cost per day per activity? (b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost? (c) What is the extra cost to crash the project? Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $600 B 3 2 $250 $450 C 6 4 $400 $500 D 5 3 $150 $400
2. Question : (TCO F) We have discussed at length the Earned Value Management process. I am sure all of you have used the traditional process of assessing projects where we compare actual dollars spent to the amount we had planned to spend. This was quick and easy, but it has its shortcomings, and the Earned Value Management process is said to be better. (a) Why is this traditional approach different from using earned…….
3. Question : (TCO E) The following information is extracted from a project to develop a state of the art alternative power energy storage device:
   Activity Duration Predecessors Resources A 4 days — 1 Research Engineer B 3 days A 1 Marketing Specialist C 5 days A 1 Design Engineer D 3 days A 1 Design Engineer E 3 days B 1 Prototype Builder F 2 days D 1 Test Engineer The Owner has stipulated……… (a) Identify any resource conflicts in the above………..?
4. Question : (TCO F) The following data were obtained from an Information Systems project to upgrade and expand a Local Area Network: Activity Duration Predecessors Task Budget A 3 Days — $4,920 B 6 Days — $7,680 C 3 Days A $15,140 D 2 Days B $4,980 E 3 Days B $5,630 F 2 Days C, D $2,270 At the end of Day 7, the status of the project is as follows: Activity % Complete Actual Cost
   A 100% $4,200 B 100% $8,740 C 100% $18,250 D 55% $2,600 E 10% $560 F 0% $0 (a) Calculate the Cost and Schedule Variances and Indexes for tasks A, B, C, D, and E. (b) As project manager, write a brief summary of the status of the project at this time
5. Question : (TCO E) We have all been associated with projects with resource problems. As a project manager, you will be responsible for resolving these problems. Remember, resources are human and otherwise. If you can name it, it may be a resource. (a) When there are not enough resources available………..? (b) Describe 5 of the many benefits to resource leveling.
   

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Version 2

1. Question : (TCO B) Crashing Problem Using the network below and the additional information provided, find: (a) The crash cost per day per activity. (b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost? (c) What is the extra cost to crash the project? Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $350 B 3 2 $250 $325 C 6 4 $400 $700 D 5 3 $150 $200
2. Question : (TCO F) We have discussed at length the Earned Value Management process. I am sure all of you have used the traditional process of assessing projects where we compare actual dollars spent to the amount we had planned to spend. This was quick and easy, but it has its shortcomings, and the Earned Value Management process is said to be better. (a) Why is this traditional approach different from ……..? (b) What are some of the basic requirements for the project…….?
3. Question : (TCO E) The following information is extracted from a project to develop a state of the art alternative power energy storage device: Activity Duration Predecessors Resources A 4 days — 1 Research Engineer B 3 days A 1 Test Engineer C 5 days A 1 Design Engineer D 2 days A 1 Marketing Specialist E 3 days B 1 Prototype Builder F 4 days D 1 Test Engineer The Owner has stipulated that in order to provide continuity throughout the project, the same individual must handle all activities under his or her discipline. Activities on this project cannot be split. (a) Identify any resource conflicts in the above project………..?
4. Question : (TCO F) The following data were obtained from an Information Systems project to upgrade and expand a Local Area Network: Activity Duration Predecessors Task Budget A 3 Days — $4,920 B 6 Days — $7,680 C 3 Days A $15,140 D 2 Days B $4,980 E 3 Days B $5,630 F 2 Days C, D $2,270 At the end of Day 7, the status of the project is as follows: Activity % Complete Actual Cost A 100% $4,200 B 100% $8,740 C 100% $18,250 D 55% $2,600 E 10% $560 F 0% $0 (a) Calculate the Cost and Schedule Variances and Indexes for tasks A, B, C, D, and E. (b) As project manager,……..
5. Question : (TCO E) We have discussed resource allocation and resource leveling and the purpose and benefits of each. We have all been associated with projects with resource issues. As project managers, we are responsible for resolving these issues. Remember, resources are human, capital, monetary, and otherwise. If you can name it, it may be a resource. (a) Define resource allocation and resource leveling and describe the difference between them. (b) When there…………?
   

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Version 3

1. Question : (TCO B) Crashing Problem Using the network below and the additional information provided, find: (a) The crash cost per day per activity. (b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost? (c) What is the extra cost to crash the project?
   Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $350 B 3 2 $250 $325 C 6 4 $400 $700 D 5 3 $150 $200
2. Question : (TCO F) We have discussed at length the Earned Value Management process. I am sure all of you have used the traditional process of assessing projects where we compare actual dollars spent to the amount we had planned to spend………..(a) Why is this traditional approach different from using earned value when assessing project performance? (b) What are some of the basic requirements for the project plan in order for EVM to be able to work?
3. Question : (TCO E) The following information is extracted from a project to develop a state of the art alternative power energy storage device: Activity Duration Predecessors Resources A 4 days — 1 Research Engineer B 3 days A 1 Marketing Specialist C 5 days A 1 Design Engineer D 3 days A 1 Design Engineer E 3 days B 1 Prototype Builder F 2 days D 1 Test Engineer………. (a) Identify any resource conflicts……….?
4. Question : (TCO F) The following data were obtained from an Information Systems project to upgrade and expand a Local Area Network: Activity Duration Predecessors Task Budget A 3 Days — $4,920 B 6 Days — $7,680 C 3 Days A $15,140 D 2 Days B $4,980 E 3 Days B $5,630 F 2 Days C, D $2,270 At the end of Day 7, the status of the project is as follows:
   Activity % Complete Actual Cost A 100% $4,200 B 100% $8,740 C 100% $18,250 D 55% $2,600 E 10% $560 F 0% $0 (a) Calculate the Cost and Schedule Variances and Indexes for tasks A, B, C, D, and E. (b) As project manager, write a brief summary of the status of the project at this time
5. Question : (TCO E) We have discussed resource allocation and resource leveling and the purpose and benefits of each. We have all been associated with projects with resource issues. As project managers, we are responsible for resolving these issues. Remember, resources are human, capital, monetary, and otherwise. If you can name it, it may be a resource. (a) Define resource allocation and resource leveling…… (b) Describe 5 of the many benefits to resource…….