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subject :project management

1. Explain any THREE (3) reasons that might lead to cost overruns in a project work. (6 marks) 2. Calculate the CUMULATIVE COST in February in below time-phased budget. (4 marks) January February March April 8,000 5,250 Activity Survey Design Dirt Foundation Framing Plumb 4,500 6,700 12,550 37,250 7,800 Wire 5,500 a 3. The project would require the services of a senior muralist, a junior muralist, and a gofer. The senior muralist has an annual salary of RM120,000, the junior muralist draws an annual salary of RM75,000, and the gofer makes RM30,000 per year. It is anticipated that the project will require 25 hours of senior muralist time, 40 hours of junior muralist time, and 60 hours of gofer time. Overhead charges vary by position; the gofer has a lower overhead rate (30%) than the two muralist positions (50%). Use 2080 hours as an estimate for the number of hours in a year and a 15% factor for personal time. What is the total direct labor cost for the project? (Round your answers into TWO (2) decimal points) (7 marks) 4. Use the data to calculate the Schedule Performance Index (SPI) for the project for the end of week 10. The percentage of earned value as of the end of week 10 is indicated in the table. (Round your answers into TWO (2) decimal points) (4 marks) Duration (weeks) 5 10 15 20 25 BAC 96 Comp 10,000 16,000 6,000 12,000 6,000 4,000 4,000 100% 30% 0% 6,000 Conceptual design Graphics design Copyright Samples Tooling Production Total Estimated Cost Value 4.000 5.000 2,000 9.000 6.000 22,000 15,000 6,000 19,000 22,000 0% 4,000 0% 6,000 2,000 14,000 0% 10,000 18,000 22,000 26,000 24,000 100,000 (1) Based on the schedule performance index, identify the new estimated time to completion (Round your answers into TWO (2) decimal points) (2 marks) (Total: 6 Marks) 5. Use the eamed value table to determine the Estimated to Time Completion given the indicated state of the project. (Round your answers into TWO (2) decimal points) (11 marks) Duration (weeks) Activity % Complete 5 10 15 20 25 30 35 BAC 850 350 400 1.200 525 100% 100% B 125 1.275 650 100% D 2800 350 4,500 680 1,925 7,650 1.050 95% 75% E 400 F 125 875 1,000 80% G 300 1200 1,500 45% 850 750 1,400 3,450 5,180 1,175 2.075 Monthly Planned Cost Monthly Actual Cost 900 650 1.350 3.875 4,780 850 2.000 (ii) Identify the new Estimated Cost to Completion for the project. (Round your answers into TWO (2) decimal points) (4 marks) (Total: 15 Marks)