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Problem Assignment #3 Total points: 10 Data for a project is shown below: Activity Duration (months) Precedence Budget or Plnd

Project Management

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Problem Assignment #3

Total points: 10

Data for a project is shown below:

Activity	Duration (months)	Precedence	Budget or Plnd. Cost	Percent Completed
A	3.00	-	15000	100
B	1.00	-	5000	100
C	2.00	A	10000	90
D	3.00	A	21000	100
E	2.00	B	32000	90
F	1.00	C, D, E	5000	0
G	1.00	E	5500	0

 

The project started on June 1^st.  The project has a planned duration of 7 months. Table above shows percent activities completed as of end of November.

Data below are planned cost and actual cost (spent) from June to November:

 

                     Planned                 Actual

Month                    Cost                       Cost

June             5000                       6000

July              5000                       6000

Aug              5000                       8000

Sept             12000                      15000

Oct               28000                      30000

Nov              28000                      30000

 

1. Compute critical ratio. (4 points)
2. Based on current schedule performance level, estimate schedule delay (in months) for the project. (2 points)

 

 

#2) Status of activities of a project are given below. Based on the information, determine which activities are on time or early or behind schedule? (4 points)

 

Activity         Budgeted Cost       Actual Cost   Critical Ratio

A                            300                         200               1.0

B                            125                         250               0.5