Assignment 2 1) Why is it important to identity critical puth and float time for your project? State one reason for both. [10] 21 Use the below table and answer the questions associated with it. 50 marks) Drawan ACA diagram Identify al paths in the network diagram with the durations 5 marts What is the critical path for this project? Smart What is the earliest possible time to finish the project? Smart e Find the lack time for each activity 10 mars task was delayed by 1 d. how will this affect the project ritical tasks and the project is time? Smarks if task He was delayed by 3 days, what will be the impact of the delay on the project finish time? Smarts Use Project Plan 365 to produce the Gantt Chart & network diagram of the project. 30 marks 031 Figure 2 shows the EVM data of a project. The budget is $300,000 and the project duration is of 10 months. It started on 1 Jan 200 tis now l*uy and the table shown the actual cont (AC) and earned values (EV) Activity corporate feedback is 75% completed as today (50 ml Oct Act Man ii ii informeren Construct Tulevat i i MAC My What is the real Smarts What is the Cultive Candle Vis 2008 Smaris What is the Curve Actual Cod City 2008 5 mars What the Curved Values of study 2008 Smars Calculate the cost Variance of the July 2008 Smures Calestate the schedule Varian (2008 Smars What is the predicted total cost of the point when the finishes Smarts What the predicted date of the 5 marks Dis the data and disadvantages of this technique de marks Assignment 2 Q1) Why is it important to identify critical path and float time for your project? State one reason for both. (10 marks) Q2) Use the below table and answer the questions associated with it. (50 marks) Activity Initial Node Estimated Duration Final Node 2 1 1 B 1 2 3 1 4 2 5 4 D E 3 5 F 3 6 4 G 4 7 6 H 5 6 6 1 7 6 2 3 J 6 8 a. Draw an AOA diagram. 5 marks b. Identify all paths in the network diagram with their durations. 5 marks c. What is the critical path for this project? 5 marks d. What is the earliest possible time to finish the project? 5 marks e. Find the slack time for each activity. 10 marks f. If task G was delayed by 1 days, how will this affect the project critical tasks and the project finish time? 5 marks g. If task H was delayed by 3 days, what will be the impact of that delay on the project finish time? 5 marks h. Use Project Plan 365 to produce the Gantt chart & network diagram of the project. 10 marks Q3) Figure 2 shows the EVM data of a project. The budget is $100,000 and the project duration is of 10 months. It started on 1st Jan 2008. It is now 31" July and the table shown the actual cost (AC) and earned values (EV). Activity "Incorporate feedback" is 75% completed as today. (50 marks) Sep Oct 2,000 2,000 Figure 2: Earned Value Status of a 10-months project at July 31 Activity Jan Feb Mar Apr May Jun Jul Aug Plan project Analyze requirements Develop Data Model Design database 3,000 7,000 3,000 3,000 6.000 6,000 Design forms &reports 4,000 12,000 10,000 4,000 6,000 Construct prototype Test/evaluate prototype Incorporate feedback Test system Monthly AC 4,000 10,000 9,000 9,000 2,000 6,000 8,000 9,000 13,000 21,000 10,000 2,000 Monthly EV 6,000 9,000 9,000 14,000 22,000 a. What is the Earned Value (EV) in July? 5 marks b. What is the Cumulative Earned Value (EV) as of 31st July 2008 5 marks c. What is the Cumulative Actual Cost (AC) as of 31st July 2008 5 marks d. What is the Cumulative Planned Value (PV) as of 31st July 2008 5 marks e. Calculate the Cost Variance (CV) as of 31st July 2008. 5 marks f. Calculate the Schedule Variance (SV) as of 31st July 2008. 5 marks g. What is the predicted total cost of the project when the project finishes. 5 marks h. What is the predicted finish date of the project. 5 marks i. Discuss the advantages and disadvantages of this technique (one of each). 5 marks