Project Cost & Schedule Control, Quality Assurance & Audit, Logistics
Exam
QUESTION 1
Allen is managing a new product development project.
The Plan:
·The project consists of five different activities. Each activity is expected to take twenty hrs. Further, · every activity has four sub-activities that each take 5 hours. · Allen hires five resources. They will each work on 20% of the project parallelly and will be paid $100/ hr. The total estimated project is $10,000. · Based on the distribution of work, it is determined that the project can be completed within a week.
Progress Measurement:
Initial Reports · At the end of the week, the resources are asked to submit their recorded timesheets. · Total hours reported by all team members is 90hrs.· Based on this information, Allen quickly assumes the project is 90% complete. · Allen then decides that the project will be delayed. Allen sends a status report claiming that the project is within budget but not on time.
a) Would you agree with Allen's assessment of the project? Justify your answer in detail with reasons.
Allen now calls each programmer and gathers the following information:
|
Programmer
|
Budgeted Time
|
Actual time spent
|
Invoices Submitted
|
Percentage of all tasks completed
|
|
Bob
|
20 hours
|
15 hours |
$1.500 |
60% |
|
Sue
|
20 hours
|
25 hours |
$2.500 |
75% |
|
Roger
|
20 hours
|
5 hours |
$500 |
10% |
|
Mike
|
20 hours
|
30 hours |
$3,000 |
50% |
|
Jill
|
20 hours
|
15 hours |
$1500 |
80% |
|
Total time and
costs incurred
|
|
90 hours |
99,000 |
|
Table 1
Using the data given:
b) Calculate SV, SPI
c) Calculate CV, CPI
d) Discuss the meaning of each of these indicators and so, the health of the project.
QUESTION 2
Delicious Foods LLC, a 15-year-old fast food company has a production factory in Geneva. They require meat and produce including fruits and vegetables as raw materials. Procurement is done through local suppliers at each location. Transportation is done by a third-party service provider, who does not value the preservation of perishables. Almost, 35% of the materials are lost due to improper storage, temperature control, etc. There is also a growing concern regarding their delayed deliveries.
Though the customers love the product, the company struggles with timely delivery and improper packing, which does not preserve products for long, with shelf life of only about 6 hrs., if not kept under temperature-controlled conditions. Though the company has over 15 distributors there is no coordination or centralization. The information systems are primitive and are steadily losing customers to growing competitors. You are appointed as a logistics consultant. You are required to put forward your suggestions with regards to improving the following:
a) Purchasing and distribution system
b) Alternative transportation
c) Any other areas
Assignment 1:
Cost and Schedule Control
You are managing a small project which includes building a boundary wall for a square plot. The wall is exactly the same on each of the four sides. Assumption: time and costs for each side will be same. Estimated duration of the project is 8 days to complete and the budget, including contingency reserves for risks is $12,000.
At the end of 4 days, you need to report the progress of the project. Are asked to prepare ayou decide to use the Earned Value calculation in order to determine the health of the project. The team reports that end of day 4, total costs incurred are $5,500. And 30% of the project is completed.
Calculate
SV, CV, SPI, CPI. What do these indicate about the status of the project? Interpret your results in terms of schedule and cost progress.
Suggest one best action corrective (if applicable) and justify your recommendations.
Assignment 2:
QUALITY ASSURANCE AND AUDIT
Refer to the Self Assessment form on Quality Assurance and Audit, Chapter 1 Slide no. 11, Category4 Measurement, Analysis and Knowledge Management.
For each of the points from 4a to 4f, if you have marked Strongly Agree / Agree discuss the existing process within your organization to explain how it is done.
E.g. for 4a Discuss how exactly is the quality of your work measured. Write down the Key Performance Indicators used.
If you have marked Neither Agree nor disagree / Disagree / Strongly Disagree, suggest how the same could be achieved.
e.g. for 4a Discuss how exactly you think the quality of your work can be measured. Write down the Key Performance Indicators which you can use.
This needs to be done for all points from 4a to 4f.
Attachment:- Activity.rar