some questions in project management course, need help
Q1) Why is it important to identify critical path and float time for your project? State one reason for both. (10 marks)
Q2) Use the below table and answer the questions associated with it. (50 marks)
| Activity | Initial Node | Final Node | Estimated Duration |
| A | 1 | 2 | 1 |
| B | 1 | 3 | 2 |
| C | 1 | 4 | 3 |
| D | 2 | 5 | 4 |
| E | 3 | 5 | 5 |
| F | 3 | 6 | 4 |
| G | 4 | 7 | 6 |
| H | 5 | 6 | 6 |
| I | 7 | 6 | 2 |
| J | 6 | 8 | 3 |
Draw an AOA diagram. 5 marks
Identify all paths in the network diagram with their durations. 5 marks
What is the critical path for this project? 5 marks
What is the earliest possible time to finish the project? 5 marks
Find the slack time for each activity. 10 marks
If task G was delayed by 1 days, how will this affect the project critical tasks and the project finish time? 5 marks
If task H was delayed by 3 days, what will be the impact of that delay on the project finish time? 5 marks
Use Project Plan 365 to produce the Gantt chart & network diagram of the project. 10 marks
Q3) Figure 2 shows the EVM data of a project. The budget is $100,000 and the project duration is of 10 months. It started on 1st Jan 2008. It is now 31st July and the table shown the actual cost (AC) and earned values (EV). Activity “Incorporate feedback” is 75% completed as today.
Figure 2: Earned Value Status of a 10-months project at July 31
| Activity | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
| Plan project | 2,000 | 2,000 |
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| Analyze requirements |
| 3,000 | 7,000 |
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| Develop Data Model |
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| 3,000 | 3,000 |
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| Design database |
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| 6,000 | 6,000 |
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| Design forms &reports |
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| 4,000 | 12,000 |
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| Construct prototype |
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| 10,000 |
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| Test/evaluate prototype |
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| 4,000 | 6,000 |
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| Incorporate feedback |
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| 4,000 |
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| Test system |
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| 10,000 | 9,000 | 9,000 |
| Monthly AC | 2,000 | 6,000 | 8,000 | 9,000 | 13,000 | 21,000 | 10,000 |
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| Monthly EV | 2,000 | 6,000 | 9,000 | 9,000 | 14,000 | 22,000 |
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What is the Earned Value (EV) in July? 5 marks
What is the Cumulative Earned Value (EV) as of 31st July 2008 5 marks
What is the Cumulative Actual Cost (AC) as of 31st July 2008 5 marks
What is the Cumulative Planned Value (PV) as of 31st July 2008 5 marks
Calculate the Cost Variance (CV) as of 31st July 2008. 5 marks
Calculate the Schedule Variance (SV) as of 31st July 2008. 5 marks
What is the predicted total cost of the project when the project finishes. 5 marks
What is the predicted finish date of the project. 5 marks
Discuss the advantages and disadvantages of this technique (one of each). 5 marks
