PROJ 586 Project Management Systems – DeVry

PROJ 586 Week 3 Homework; AIB Problems

Problem 1

Problem 2

Problem 3

Problem 4

PROJ 586 Week 4 Homework; AIB Problems

Problem 1

Use the network diagram below and the additional information provided to answer the corresponding questions. [15 points]
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]
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

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

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

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

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]