QUESTION $2$

$(20$ Marks$)$

As evident in the case study, Ford will be investing a large sum of money in this expansion project. Project Cost Management includes the processes required to ensure that the project is completed within the approved budget. Examine the FOUR $(4)$ processes covered in the PMBOK Guide that can assist in Ford's project.

SECTION B

MARKS$]$

Answer ALL the questions in this section.

Important note $-$ Questions that require diagrams or calculations can be answered using a Word document and submitted as a file upload on MANCOSA Connect. Please ensure that your work is clearly labelled.

QUESTION $3$

$(20$ Marks$)$

The project manager of Company $x$ has identified the various activities required to complete his project. Use the information below to construct a network diagram $($AON$)$ for the project and determine its critical path.

$\backslash$table$[[$Task$/$Number$,$Duration $($Days$),$Predecessors$],[$A$,15,-],[$B$,10,$A$],[$C$,9,$A$],[$D$,7,$B$],[$E$,8,$C$,$ D$],[$F$,7,$E$]]$

QUESTION $4$

$(20$ Marks$)$

You are monitoring a new product development project. Assess the progress of the project by using the Earned value management method.

Use the information in the table to complete the calculations for $A-D$ to assist in analysing the status of the project.

$\backslash$table$[[,$Terms,Values provided,Values to be calculated$],[$BAC$,$Budget at Completion,R$60000,],[$PV$,$Planned Value,,A$],[$PC$,$Percentage Complete,$50\%,],[$EV$,$Earned Value,,B$],[$AC$,$Actual Cost,R$20000,],[$SV$,$Schedule Variance,,C$],[$CV$,$Cost Variance,D$,]]$

The project should be $60\%$ complete at this stage.