PROJECT MANAGEMENT BMFM 33136 AUGUST 2022 SEMESTER REVISION DISCUSSION

Faculty of Business and Management

August 2022 Semester
Academic Session 2022/2023
BMFM 33136 PROJECT MANAGEMENT
REVISION DISCUSSION

CHAPTER 9, CHAPTER 12 & CHAPTER 13

REVISION DISCUSSION

QUESTION 1
Construct the Network diagram for this project.
Identify the critical path for this network diagram? Explain how do we know. [2 marks]

Activity Duration Predecessors

A – Survey site 5 days —
B – Install sewer and storm drainage 9 days A
C – Install gas and electric power lines 4 days A
D – Excavate site for spec house 2 days B, C
E – Pour foundation 2 days D

QUESTION 2

1
QUESTION 3

QUESTION 3 & QUESTION 4

2
QUESTION 5

What do the Schedule Performance Index and the Cost Performance Index demonstrate? How
can a project manager use this information to estimate future project performance??
13.1

QUESTION 6

Suppose the SPI is calculated as less than 1.0. Is this good news for the project or bad news?
Why?

QUESTION 7

Identify the following terms: PV, EV, and AC. Why are these terms important? How do they
relate to one another?

QUESTION 8

You have collected EV, AC, and PV data from your project for a five-month period. Complete
the table. Calculate SPIC and CPIC. Compare the cost and schedule performance for the project
on a month-by-month basis and cumulatively. How would you assess the performance of the
project? (All values are in thousands $)

EV EVC AC ACC PV PVC SPI SPIC CPI CPIC

April 8 10 7
May 17 18 16
June 25 27 23
July 15 18 15
August 7 9 8

-000O000-