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Week 6 Quiz (Questions 1, 2 And 5)

633 words - 3 pages

Question 1

(TCO B) 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; and
(c) what the extra cost is to crash the project.

Activity

Normal Time

Crash Time

Normal Cost

Crash Cost

A

5

3

$300

$350

B

3

2

$250

$295

C

6

4

$400

$540

D

5

3

$150

$270

Answer:
a) Crash cost per day

Activity

Normal Time

Crash Time

Normal Cost

Crash Cost

Crash Cost/day

A

5

3

$300

$350

$25

B

3

2

$250

$295

$45

C

6

4

$400

$540

$70

D

5

3

$150

$270

$60

$1,100

Critical path: B - C - D 14 ...view middle of the document...

Activities on this project cannot be split.

(a) Identify any resource conflicts in the above project. State the activities involved, the days that have conflict(s), which resources are involved, and the quantity required.
(b) Given the owner's stipulation regarding project continuity and the need to minimize project duration, how can this conflict be resolved? What will be the effect on the project duration?

Answer:
(a) Conflict exists during Days 5, 6, and 7. Activities B and D require a total of two marketing specialists during this period.
(b) Delay Activity D to start on Day 8, extending the duration of the project from 10 to 12 days. Note that the alternative, delaying B to start after D, will add an additional 3 days to the project duration, because the initial critical path is A-B-E and therefore is not the optimal answer.

Question:
TCO F) Given the following information, calculate the CV, SV, CPI, and SPI for this project. Also provide recommendations to improve the project’s performance if needed.

Activity A: This activity is 60% complete, at a cost of $80,000. It is at the end of Week 5 of 8 and was projected to cost 200,000.

Activity B: This activity is not started yet; it will start in 2 weeks. It is planned to cost $400,000. Its costs to date are $0.

Activity C: This activity is complete. It was completed in 6 weeks; it was supposed to have been completed in 5 weeks. The original budget for this activity was $400,000; in the end, it cost $450,000.

Activity D: This activity is 75% complete with an original budget of $200,000. Costs to date are $65,000, and the project is at the beginning of Week 3 of 4.

Answer:
The project’s calculated data are as follows.
EVp = $120,000 + $0 + $400,000 + $150,000 = $670,000

PVp = $125,000 + $0 + $400,000 + $100,000 = $625,000

AC = $80,000 + $0 + $450,000 + $65,000 = $595,000

So final calculated values are as follows.

CV = EV - AC = $75,000
SV = EV - PV = $45,000
SPI = EV ÷ PV = 1.07
CPI = EV ÷ AC = 1.13
This project is proceeding normally. No action is required.

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