Faculty of Economies, Informatics and Social Sciences, Q wise cite Exam IDA725 Project Management Fall 2010 Date: 2 December 2010 Time: 900 1300, Supporting Material: Caleulatr with no program in memory (KT) Dictionary (English from native language) Language English Only Lecturer roo) PashwA-251 "Bxam contains sx pags including prfice and three appendixes.a1. 20%) 4) Define project What ae five characteristics that help differentiate projects from other functions carried out inthe iy operation of th organization? 1) Assume that you are considering whetber or not invest in projet that wll cost $100,000 in ntl investment. Your company requires a ‘you expect infin to remain relatively constant at 4%. You ateipte a useful ie fof four yore fr the project and have projected future eash flows as follows; 20,000; 50,000; $0,000 and 25,000 for year, year2, year 3 and year 4 respectively 1. Caloute he Discounted Factor and NPY fom pri Oto ptiod 4? 2. Should thi project be p 2.60%) yrs oF noe? te of return of 10% and ‘Avi | redeeesor Daratonttas) opis) mmost likely) [pesistic) x 7 5 7 10 5 A 6 7 1 c ‘« 7 & 9 D, B 6 5 16 E B 4 T 0 F c = 16. ieee o |» iw 1 20 H_| EF ir 1 TacaleeG ie 3 15 18) Develop an AON network and calculate HS, BR, LS, LP and slack for each astivity Find ert pth Use one decimal for activity duration. 1) The management requires & 95% probability tht the activites onthe critical path are completed in aspesific dny, What day would you plan for activity Ito be completed iven tis requirement? ©) Whats the probability thatthe whole path where activity (delayed by two day) is 8 part of inshed atthe same time as calculated in art a? 03. 5%) 18) Consider the rsoure loading tble (working oursdny shown below. Assume that ‘we eanot schedule more than ei hous of work during any day ofthe month (Aaivig[1 3-345] @ 9 1011 BD] 1S 16 17 We 19] wo 23 24 75 5 A [aaa eal B 444 c 44444 D So iors B 33333 F 22222\2 G 4444a. Can you det any days tat involves esouce confi? ' How would yoa reconfigure the loading table to resolve these resource confit? 1 Different between 1. Functional Manager ve, Project Leder 2. Weak Matic v. Song Matis 3, Panton Cont vs. dysfunctional Confit. 8.25%) 8) Do you agree with the following statement: “With a proper planning it is posible © limite moa sks from a project"? Why or why not? b)_ Why do fim outsource projet work? What are the pros and cons of outsourcing? ©) On day 61 project has en earned valve NOK 120,00, an atu cost of NOK 130,000 ‘nda planned cost of NOK 112,000. Calculate the schedule variance and cost variance forthe projet. What is your assessment of project on day 61 4) On day 100 projets an eared value NOK 168,000 an actual cost of NOK 160,000, and a planned cost of NOK 175,000 Calculate the schedule variance and cost variance fr the project, What is your assessment of projcton day 100.Appendix 1. FORMULAS () cv=RewP-acwr newe or seWe bac Bowe, rT acwr PCIe = aL 6 = Vari) he rosa 2=20) FORMULAS a) Sy =BCWP-BCWs al a aie, BAC =ACWP + ETC -wbete & te normal dsibaton fection Foomuls from GrayLarson third etiton (2006) (ac) (cc) (onc) AC=AC) - so = acy = Bac - Fac vac, = BAC EAC‘Appendix 2 ‘THE NORMAL DISTRIBUTION wn=ME52): oe os os “300308 308 ae 32 | 0 3a 8 64 sn | 3 3 7 as ‘510 | ‘sls 62225 stl ‘698 | 5 6) 3 sm ‘sa | Sl 65 68 m ns ims m9 2 "as a3 58761 64 ‘6 782 | ‘851 a4 ‘x05 ‘su is a9 a 331 1336 a aa as 385 ‘860 | ‘Sot B67 te ‘a7 ‘381 | (sas? 809 1336 ‘s00 | ‘903905307 p13 ‘316 B19 921922 ‘528 ‘331 ‘3335 934336 ‘sai 983 ‘945 96347 ‘s52 ‘954 (985956957 361, 362 | ‘Sot 963 509 37 | nn 9 ‘ors 36 er ‘380 ‘sa | ‘932988983 3s ‘985 ‘986 985 987 ‘988 38 | ‘98 950350 ‘381 ‘BI | 992 992 992 ‘593 3 ‘996 954 994 ‘995 85 | ‘995995 596 ‘396 935 ‘97 997997 ‘397 ‘7 ‘997 998398 ‘508 ‘ ‘998 998508 999 8 ‘399999 _'s99 399 35999]Appendix 3. pic az Vater For ee von nu