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Please save your answers in a either a MS Word document (.doc) or rich text file (.rtf) format. Please name your file “HW2-Your Name” Then upload and submit your file into WebCT through the assignment tool. 1. Review the network diagram for the project associated with Question 12 on page 187 of Successful Project Management 4th Ed. Note: If you are using the 3rd edition of the textbook, the same network diagram is located on page 178. a) Calculate the ES, EF, LS, and LF times and the slack for each activity in the figure below and identify the critical path for the project and complete the chart below.Helpful Hint: Do not attempt to perform these calculations in your head. Draw out the network diagram on a piece of scratch paper and fill in the various finish times in their proper places. Then transpose your answers to the chart below. Activity A B C D E F G H I J Estimate Earliest Earliest Latest Latest Total d Start Finish Start Finish Slack Duration (ES) (EF) (LS) (LF) (TS) 3 0 3 2 5 5 0 5 -2 3 -2 18 7 10 5 8 2 9 5 3 5 5 12 17 25 17 27 24 12 15 17 25 27 26 32 5 3 9 10 15 23 16 25 23 2 10 -2 15 0 15 -2 23 -2 25 -2 25 1 30 -2

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b) Can the project be completed in 30 weeks? Answer: No, Must eliminate -2 days of slack c) Identify the critical path for this project. If no critical path

Assume that an activity has a normal time of 20 weeks. identify the longest path of the project. Refer to the same network diagram that was used in the previous question (Question 12 from page 187 of your textbook). Answer: . and a crash cost of $100. You should only have AF values for those activities that have already been completed. can this activity’s duration be reduced? What is the cost per week to accelerate this activity? Show your calculations. Answer: B-D-F-G-H-J 2. at most. Recalculate the expected project completion time for the project.000. Which activities would you focus on in order to get the project back on schedule? Helpful Hint:Remember that actual finish times (AF) are based in reality and cannot be created mathematically. By how many weeks. which activities would you focus your attention on. and why? 3.exists using the definition of TS ≤ 0. a normal cost of $72. Complete this table [5 points] Activity A B C D E F G H I J ED 3 5 18 7 10 5 8 2 9 5 ES 0 0 5 5 5 12 17 25 17 27 EF 5 5 23 12 15 17 25 27 26 33 LS 2 -2 5 3 5 10 15 23 16 25 LF 5 3 23 10 15 15 23 25 25 30 TS 0 -2 0 -2 0 -2 -2 -2 -1 -3 AF 5 5 - Is the project on schedule? If not.000. a crash time of 16 weeks. Assume that task A actually finished at 5 weeks and task B actually finished at 5 weeks.

0? Answer: A CPI value of less than 1.0 means that for every dollar actually expended.000 . your earned value is equal to or greater than that original dollar spent.000 / 4 weeks = $7.20 weeks . less than one dollar of earned value is received.0? What does it mean if it equal or greater than 1. What does it mean when a cost performance index (CPI) value is less than 1.$72. . A CPI of greater than 1.000 = $28.000 for 4 weeks reduced time $28.000 per week 4.0 means that for every dollar expended.16 weeks = 4 weeks that this activity’s duration can be reduced by $100.

Table 1: CBC Week T B C $ 3 0 $ 7 0 $ 4 0 $ 3 0 $ 1 7 0 1 1 0 2 15 10 3 5 10 1 0 2 0 5 1 1 0 0 2 5 5 5 5 5 1 0 1 0 1 0 6 0 2 5 8 5 1 5 1 0 0 3 5 1 3 5 1 0 1 4 5 2 0 2 0 4 5 1 6 7 8 9 0 Task 1 Task 2 Task 3 Task 4 Total Cumulative Table 2: Actual Costs 25 3 5 15 5 0 5 1 1 5 7 0 0 Task 1 Task 2 Task 3 Task 4 Total Cumulative Table 3: Percent 1 1 0 2 1 6 1 0 3 8 10 4 Week 5 6 12 2 4 5 2 9 1 2 5 1 7 1 0 2 6 18 12 .Helpful Hint:Shaded areas represent cells that you need to fill in values to complete the table.

5 72.5 6 30 45. a) Complete the Tables 1 & 2 above to show the cumulative budgeted and actual costs for each week.5 54. This number is well below the budgeted cost.5 38. Answer: b) What is the cumulative budgeted cost at the end of week 6? Answer: $170 c) What is the cumulative actual cost at the end of week 6? How does this compare with the CBC? Answer: 112.5 5.Complete 1 3 0 % 2 8 0 % 1 0 % 3 10 0 % 25 % Week 4 5 6 Task 1 Task 2 Task 3 Task 4 35 % 5 5 % 1 0 % 6 5 % 2 0 % Table 4: Earned Value(All values in thousands of dollars) Week 1 2 3 4 5 Task 1 9 24 30 30 30 Task 2 7 17.5 24. Refer to the Tables 1-4 to answer the following questions. d) .5 8 83.5 Task 3 Task 4 Total 9 4 31 47.

(formula) FCAC = Answer (calculation) = Answer Method 2 – Perform the remainder of the work according to budget. you must show your formula and your calculations.51785714 g) What is the CV? To receive full credit.e) What is the cumulative earned value (CEV) of the project at the end of week 6? How does this compare with cumulative actual costs (CAC)? Answer: f) What is the CPI at the end of week 6? formula) CPI = Answer CPI = Budgeted cost of work performed divided by Actual cost of work performed (calculation) = Answer CPI= 1. Show your formulas and your calculations. (formula) CV = Answer (calculation) = Answer h) Calculate the FCAC using the first two methods described in the chapter. Method 1 – Assuming the same rate of efficiency. (formula) FCAC = Answer (calculation) = Answer .

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