PROJ586 W4 Homework Crashing and Earned Value Problems
Question
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 Drop Box. 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) 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]
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) 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
ACWP
BCWS
BCWP
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
ACWP
BCWS
BCWP
5
$34
$42
$39
a) Calculate the CPI (Cost Performance Index). [2 points]
b) Is the project cost efficient or not efficient? [2 point]
c) Calculate the SPI (Schedule Performance Index) [2 points]
d) Is the schedule efficient or not efficient? [2 point]
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]