Question: Brain Dump (not graded) + Problems (show all work) This exam covers PM Schedule, Cost & Quality Use this blank page to do your Brain
Brain Dump (not graded) + Problems (show all work) This exam covers PM Schedule, Cost & Quality Use this blank page to do your Brain Dump (not graded) Problem 1. (6.6 pts) The following network shows the activities on the circles or nodes. Time estimates are in weeks. a. Complete the following table: Activity Time Earliest Start Earliest Finish Latest Start Latest Finish Slack On Critical Path? A B C D E F b. How long is the Critical Path? Problem 2. (6.66 pts) Data regarding the activities for a project are presented below. The times (3 Point estimates) are in weeks. The critical path for this project is A - D - H - I - J - K. Activity Optimistic Time Most Likely Time Pessimistic Time A 7 9 14 B 2 2 8 C 8 12 16 D 3 5 10 E 4 6 8 F 6 8 10 G 2 3 4 H 2 2 8 I 6 8 16 J 4 6 14 K 2 2 5 a. Determine the standard deviation of the critical path (total project). b. If the Project Manager wants to add 2 standard deviations of time (project contingency to cover schedule risk) to the expected time for this project...what is the new project time required to complete the overall project. Problem 3. (6.66 pts) Complete the following Table: (FILL IN THE BLANKS) a. Project PV AC EV CV SV CPI SPI A $10,000 $4,000 $2,000 $-8,000 0.50 0.20 B $10,000 $20,000 $5,000 $-15,000 0.25 0.50 C $10,000 $5,000 $7,000 $2,000 1.40 0.70 D $10,000 $12,000 $15,000 $5,000 1.25 1.50 E $10,000 $25,000 $20,000 $-5,000 0.80 2.00 b. Which project is behind schedule and under budget?
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