Crashing and Earned Value Problems

In this homework assignment, you will be
working through two crashing problems and four earned value problems. All the
information you need is included within this Homework packet. Make sure you
answer all parts of the questions in their entirety.

Once you have worked through the
problems, please post your responses to the Dropbox. Please refer to the course
Syllabus for the due date.

PROBLEM
1

Use the network diagram below and the
additional information provided to answer the corresponding questions. (15
points)

a) Give the crash cost per day per
activity. (10 points)

b) Which activities should be crashed to
meet a project deadline of 10 days at minimum cost? What is the cost impact of
crashing these activities? (3 points)

c) Find the new budget (or cost of the
project). (2 points)

PROBLEM
2

Use the network diagram below and the
additional information provided to answer the corresponding questions. (13
points)

a) Give the crash cost per day per
activity. (10 points)

b) Which activities should be crashed to
meet a project deadline of 13 days at minimum cost? What is the cost impact of
crashing these activities? (3 points)

PROBLEM
3 (8 points)

Month	AC	PV	EV
22	$540	$523	$535

a)         Calculate
the cost variance (CV). (2 points)

b)         Is
the CV over or under budget? (2 points)

c)         Calculate
the schedule variance (SV). (2 points)

d)         Is
the SV ahead of or behind schedule? (2 points)

PROBLEM
4 (8 points)

Month	AC	PV	EV
5	$34	$42	$39

a)         Calculate
the cost performance index (CPI). (2 points)

b)         Is
the project cost efficient or not efficient? (2 points)

c)         Calculate
the schedule performance index (SPI). (2 points)

d)         Is
the schedule efficient or not efficient? (2 points)

PROBLEM
5 (8 points)

Day	AC	PV	EV
65	$550	$735	$678

a)         Calculate
the cost variance (CV). (2 points)

b)         Calculate
the cost performance index (CPI). (2 points)

c)         Calculate
the schedule variance (SV). (2 points)

d)         Calculate
the schedule performance index (SPI). (2 points)

e)   
     Given
these data, what should a project manager do with respect to this project?

PROBLEM
6 (8 points)

Day	AC	PV	EV
65	$760	$735	$678

a)         Calculate
the cost variance (CV). (1 point)

b)         Calculate
the cost performance index (CPI). (1 point)

c)         Calculate
the schedule variance (SV). (1 point)

d)         Calculate
the schedule performance index (SPI). (1 point)

e)         Explain
the project performance in terms of efficiency, budget, and schedule. What
should the project manager do for the project? (4 points)

 

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