SEQ’s Solution

Question 1: [10 marks]

a) L-9 Explain schedule variance, cost variance, and schedule performance

index. Also use given data EV=3, PV=2, and AC=1 to calculate them.
[2.5*3=7.5]

Also calculations of SPI, CV & SV formula is part of answer.

b) Ch. 8 Define the following: [1.25*2=2.5]

a) Applying lead and lags

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 Note: Example is not part of answer, if someone has written it’s a +
b) Analogous estimating

Question 2: [10 marks]

a) Ch. 9 Draw and label S curve diagram to display EV data for a project. [5]

b) There are several communication methods used to share information among

project stakeholders, explain communication methods? L-11 s10 [5]

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Question 3: [2+8 =10 marks]

a) L-11p Define a strategy for negative risks or threats with example [2]

Sol:

I asked you a (1) strategy, so, you can write any one (avoid, transfer, mitigate,
accept) of them with example. (L11-Slide 15)

b) L-10 Explain only (4) tools and techniques of “perform quality control” with
diagrams if applicable? [8]

Note:

In the question I asked you only 4, so you can write

any 4 of them.

It also depends which one you write and diagram is

applicable or not?

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Question 4: L9,L6 [10 marks]

a) Write abbreviations of these terms: [0.5*5=2.5]

a) EAC - estimate at completion

b) WPI - work performance index

c) PDM - precedence diagraming method

d) TCPI - to complete performance index

e) WBS – Work Breakdown Structure

b) Define the following terms in 3-4 lines: [1.5*5=7.5]

a. Funding limit reconciliation

b. Prevention over inspection –L10

c. Cost of non-conformance - L10

d. Passive acceptance L11

e. Active acceptance L11

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Question 5: [10 marks]

Mr. Thomas is CEO of 7-Sliver Consultancy Company. He also worked as PMP

certified project manager in Asia.

Radio 99 has took appointment from him to take his interview regarding his
experiences on project management and he is already informed about the audience
who can ask him question regarding project management.

On the day of his interview, he told his story of success how he become CEO of 7-
Silver and tips on project management. From the audience a women name Celina
johns, who is chef and wanted to be entrepreneur. Celina asked Mr. Thomas to
disclose his secret how he starts his new project in the past when he was a young PMP
professional. As per records your all projects had more than 80% success rate.

Celina also told him the reason that why she is interested to know about this because
she is planning to open a new software house in Toronto city, USA to help peoples of
the nation by provide IT solutions, generate handsome earning and excel in the field
of software industry. She also provide some rough details of her project how her
software house should be?

Think yourself on the place of Mr. Thomas and use your knowledge of project
management. If you have to open a new software house, what steps you will take to
plan the project? Write your answer in points.

Sol: - Read the topics title of your final term syllabus (Lecturers).
This is correct order of the answer.
 Collect requirements,
 Define scope
 Create WBS
 Define activities, sequence activities, estimate activity resources,
estimate activity durations & develop schedule.
 Estimate costs & determine budget
 Plan quality
 Develop human resource plan
 Plan communications
 Plan risk management, Identify risks, risk analysis, risk responses
 Plan procurements and close procurements.

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