QUESTIONS

(references should be given).

PART ONE

When making an estimate for the time and cost to execute a project, should the time and cost required to develop the planning, monitoring, and controlling systems be included as well? Should the actions required to monitor and control a project be include in the project's action plan or WBS? Why or why not?

PART TWO

Give a hypothetical project and briefly describe an example of how each of the following types of control data might be used for project control.

-Frequency counts

-Raw numbers

-Subjective numeric ratings

-Indicator and surrogate measures

PART THREE

Identify situations where these control tools might be useful,

1 -Control Charts

2 -Variance Analysis

3 -Trend Projections

Explain the answers to the three earned value multiple choice questions that follow.

Given a project with the following characteristics, answer the following questions:

• John is the project manager of a project to build fancy birdhouses.
• John is to build two birdhouses a month for 12 months.
• Each birdhouse is planned to cost $100.
• His project is scheduled to last for 12 months.
• It is the beginning of month 10.
• John has to built 20 birdhouses and his CPI is .9091.

1. How is the project performing?

A. Over budget and ahead of schedule B. Under budget and ahead of schedule C. Over budget and behind schedule D. Under budget and behind schedule.

2. What is the actual cost of the project right now?

A. $1800 B. $2000 C. $2200 D. $2400

3.Senior management wants to know the percentage of the project that is complete. What should he report?

A. 75% B. 83% C. 92% D. 95%