Instructions:
• This Assignment must be submitted on Blackboard via the allocated folder.
• Email submission will not be accepted.
• You are advised to make your work clear and well-presented, marks may be reduced for poor presentation.
• You MUST show all your work.
• Late submission will result in ZERO marks being awarded.
• Identical copy from students or other resources will result in ZERO marks for all involved students.
• This is an individual assignment.
Question One
Assume you have completed three months of the project FG. The Budget at Completion (BAC) was 200,000 for this six-month project. Also assume the following:
• Planned Value (PV) = $ 120,000
• Earned Value (EV) = $ 60,000
• Actual Cost (AC) = $ 90,000
1. Calculate the following:
Cost Variance (CV) =?
Schedule Variance (SV) =?
Cost Performance Index (CPI) =?
Schedule Performance Index (SPI) =?
Estimated time to complete =?
2. Explain the meaning of the obtained results for all CV, SV, CPI, and SPI formulas in the above questions?
(Hint: CPI value is =1, means the cost of the project is on budget)
Question Two
Consider the following Network Diagram:
Calculate the ES,EF,LS,LF and Slack time for each node:
|
Activity
|
Precedent
|
Duration
|
ES
|
EF
|
LS
|
LF
|
Slack
|
|
A
|
-
|
2
|
|
|
|
|
|
|
B
|
A
|
5
|
|
|
|
|
|
|
C
|
A
|
7
|
|
|
|
|
|
|
D
|
B
|
3
|
|
|
|
|
|
|
E
|
C, D
|
5
|
|
|
|
|
|
|
F
|
C, D
|
8
|
|
|
|
|
|
|
G
|
F, E
|
3
|
|
|
|
|
|