apicollege sbm3206 project management fundamentals and practices actual cost

Answer all questions in the following scenarios and write your answers in a report.

Q1. You have been hired by lnnovative Solutions to plan the development of a web site for Sydney Flowers (SF). They have decided to set it up on a local server and some of the test team need operational training. You have identified the major task headings, durations and dependencies as shown in the table below. Everyone will be working 5-day weeks.

a. Draw a network diagram showing all the tasks and their dependencies (abbreviate their names if necessary). Arrange the tasks to achieve the shortest time to complete the project and determine the number of weeks it will take to complete the project.

b. Calculate the slack or float time for each activity, on the understanding that many tasks can be run in parallel if dependencies permit

c. Finally, list the task numbers that form the critical path.

Q2. Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion.
PV = $73,000
EV = $70,000
AC = $75,000
BAC = $170,000
a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
d. Use the SPI to estimate how long it will take to finish this project. Is the project performing better or worse than planned?

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