Part -1: Project management tools
Using the information in the table above, draw a PERT chart of the project to determine the earliest completion time for the project and identify the critical path for the project. You must submit the following:
a) GANTT chart
b) PERT chart
c) Date for the Earliest Completion Time of the project
d) Critical Path
Part 2A:
Working as a Systems Analyst on a project, your analysis reveals that it will cost $35000 to establish the new computer system (in year 0), and that the recurring costs for the next 5 years will increase by 5% each year. The benefits in year 0 will be $25,000 and these are expected to rise by 25% each year for the next 5 years. Assuming an 8% discount rate undertake the tasks below.
1. Perform a Payback Analysis for this project.
2. Using the Payback Analysis table, determine the payback period for the system by drawing the associated graph. Clearly indicate on the graph the payback period.
3. What is the ROI for this project over the five (Year 0+ the following 5 years) year period? You must show the formula and the values used to arrive at your answer.
4. Assuming an 8 per-cent discount rate, determine the Net Present Value (NPV) for this project (discount factor tables can be found in the text or through the Internet)
Part 2B:
You need to explain the results of the financial analysis performed in Part 2A above in a cover sheet to your CEO. You are to provide a brief description explaining the implications for the CEO to enable him/her to understand and to be able to make appropriate decisions regarding the project feasibility. What decision do you recommend?
Part 3 - Decision Table and DFD fragment
Scenario:
The discount given to the car insurance customer is determined from three different conditions. Firstly, whether the customer is Young (18-24), or Mature (25 or older). Secondly, the customer's home address is considered to be Low (L), Medium (M), or High (H) risk. Finally, whether the customer has made any claims within the last two years (Y or N).
A mature person gets a 20% discount while a young person gets no discount for their age. Someone who has a low risk address gets a 10% discount whereas a person with a medium risk address gets a 7% discount, and those with high risk addresses get no discount for their address.
Those who have made no claims in the last two years receive a 5% discount. All discounts are cumulative. In other words the discounts based on age, location and previous claims are added together. So for example, a mature person living at a low risk address who has made no claims in the last 2 years would receive a 35% discount.
1. Draw a decision table that shows all possible rules for the above scenario.
2. Draw the DFD fragment described by the decision table (I recommend you use Microsoft Visio or other similar tool).
3. You are then required to write the Structured English for the Determine the discounts process described in the decision table.