Assignment: assessing project performance

Assignment: assessing project performance

Week 6 Quiz 1

Grade Details – All Questions

1.           Question :           (TCO B) Crashing Problem

Using the network below and the additional information provided, find:

(a) The crash cost per day per activity?

(b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost?

(c) What is the extra cost to crash the project?

2.           Question :           (TCO F) We have discussed at length the Earned Value Management process. I am sure all of you have used the traditional process of assessing projects where we compare actual dollars spent to the amount we had planned to spend. This was quick and easy, but it has its shortcomings, and the Earned Value Management process is said to be better.

(a) Why is this traditional approach different from using earned value when assessing project performance?

(b) Describe the EVM process used to determine how far our project is ahead of or behind schedule. Permalink: https://collepals.com/assignment-asses…ject-performance/ ‎

3.            Question :           (TCO E) The following information is extracted from a project to develop a state of the art alternative power energy storage device:

Activity                   Duration              Predecessors                                Resources

A                    4 days                            —                                      1 Research Engineer

B                    3 days                            A                                      1 Marketing Specialist

C                    5 days                            A                                      1 Design Engineer

D                    3 days                            A                                      1 Design Engineer

E                    3 days                            B                                      1 Prototype Builder

F                    2 days                            D                                      1 Test Engineer

4.            Question :           (TCO F) The following data were obtained from an Information Systems project to upgrade and expand a Local Area Network:

5.           Question :           (TCO E) We have all been associated with projects with resource problems. As a project manager, you will be responsible for resolving these problems. Remember, resources are human and otherwise. If you can name it, it may be a resource.

(a) When there are not enough resources available to fill all the needs in the project plan, what are some specific remedies a project manager can take to complete the project. How does each of these affect the project plan and performance?

(b) Describe 5 of the many benefits to resource leveling.

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