owasH uwiversiry cpeaRy iii ‘ t case | AULT (“try : 004089554! ERE EA SSB Monash University Semester Two, 2001 Faculty Of Engineering EXAM CODES: CIV3205 TITLE OF PAPER: - PROJECT MANAGEMENT FOR CIVIL ENGINEERS EXAM DURATION: 120 minutes READING TIME: 10 minutes THIS PAPER IS FOR STUDENTS STUDYING AT+( tick where applicable) O Berwick Clayton O Malaysia D Distance Education Open Learning Caulfield Gippsland «CB Peninsula «1 Enhancement Studies 1 Other (specify) INSTRUCTIONS TO CANDIDATES: (a) This is a CLOSED BOOK examination. Candidates are reminded that they should have no books, notes, paper or other material in their possession unless their use is specifically permitted below. Answer four (4) of the five (5) questions (©) Each question is worth 25% (4) Graph paper provided AUTHORISED MATERIALS CALCULATORS OPEN BOOK SPECIFICALLY PERMITTED ITEMS if yes, items permitted are: PLEASE TURN OVER... Page 1 of 5CIV3205 PROJECT MANAGEMENT QUESTION 1 (a) Describe the three main trade offs in any project. (b) Outline the seven stages in a project life cycle. (©) List and describe the three basic organisational structures of companies. (@) List and describe four (4) key skills of a project manager. QUESTION 2 (a) A crucial part of developing a successful project is the definition of the problem. Outline four approaches to defining the problem and developing appropriate solutions. (8%) (b) Compare and contrast economic and multi-objective approaches to evaluating project feasibility. (8%) (©) Calculate the benefit cost ratio of building a road over a five-year period. The initial construction cost is $100,000. The annual maintenance cost is $30,000 pa. The annual operating, savings are $40,000 pa. The present value (PV) of an amount of money spent in year n (FV,) with an annual discount rate (i) is: py = ( The annual discount rate for the road project if 7%.C1V3205. PROJECT MANAGEMENT QUESTION 3 (2) Outline and describe four sources of project risk. (b) Describe how the the types of risk listed in (a) can be managed. (©) The building cost of freeway signs to withstand winds that may occur = Once in 5 years is $10,000 "Once in 10 years is $20,000 = Once in 15 years is $30,000 The probability of a wind of strength less than the five-year maximum is 0.30 * between the 5 and 10 year maximum is 0.25 * between the 10 and 15 year maximum is 0.15 = and greater than the 15 year maximum is 0.30 The cost of failure is $30,000. Which signs should be constructed? Page 3 of 5(C1V3205. PROJECT MANAGEMENT QUESTION 4 (a) Outline the usefulness of developing: i) a work breakdown structure ii) responsibility matrix iii) project plan (b) For the following project information: ‘Activity a of z} zl cl} xi -] -| =] 0] =] oo] of Determine the critical path Calculate the Early Start Times, Barly Finish Times, Late Start Times and Late Finish Times for the non critical activities. Construct a Gantt chart, Page 4 of SC1V3205 PROJECT MANAGEMENT QUESTIONS (@ List the four types of cost estimate and compare their use in the life cycle of a project. (8%) (b) Give two (2) reasons why a firm might accept a project where the return to the company is less than its cost. (5%) (©) What are the five (5) conditions that must be met for a contract to be legally binding? (S%) (@ Outline the benefits of using the Program Evaluation and Review Technique (PERT) process to analyse the performance of a project. a END OF PAPER Page 5 of 5