Assignment 1
· Bottom-up cost estimating exercise (Module 3, pp 19-20)
· Parametric cost estimate exercise (Module 3, pp. 43-44)
· For the table below
o Create a PERT/CPM chart
o Compute project duration
o Compute Latest Start, Earliest Start, and Float (Slack)
Task Predecessor Duration
(in days)
Latest
start
Earliest
start
Float
(slack)
A Start 6
B A,D 8
C B 10
D Start 7
E D 12
F Start 12
G F 12
· Exercise 3-2 (Module 3, p. 61)
· Exercise 3-3 (Module 3, pp. 63-

Assignment 2
Following are cost and schedule data for a project that is underway.
Month 1 2 3 4 5 6 7 8 9 10 11 12
Planned 30 35 42 46 40 52 45 48 50 40 30 15
Actual 10 25 47 55 52 54 50 58
Project Cost Data
Task Planned start Planned
Duration
Actual start Actual
Duration
A Beginning
Month 1
2 months Beginning
Month 2
2.5 months
B Beginning
Month 2
3 months Beginning
Month 3
4 months
C Beginning
Month 4
3 months Beginning
Month 5
3.5 months
D Beginning
Month 6
5 months Beginning
Month 7
2 months so far
E Beginning
Month 8
4 months Not yet
begun
F Beginning
Month 10
3 months Not yet
begun
Project Schedule Data
1. Using the cost data in the cost table above, create a cumulative cost curve
comparing actual versus planned costs (Note: with the cumulative cost curve
– also called the S-curve – you must cumulate the cost data. See More Info,
Module 3, p. 53.)
2. Using the schedule data in the schedule table above, create a Gantt chart
comparing actual versus planned schedule performance
3. Summarize in words what you see project status to be at this time. What do
you predict regarding the final cost and final schedule for the project? Note,
by looking at the schedule and cost day simultaneously, you are engaging in
integrated cost/schedule control.

Assignment 3
Following are data reporting progress on a project. Work on all tasks contained in
the table is scheduled to be complete as of the day of the report.
Budget Begun? Complete? Actual
cost
Earned
Value
Sched
var
Cost
var
Task A 300 Yes Yes 325
Task B 400 Yes Yes 450
Task C 250 Yes Yes 225
Task D 425 Yes No 250
Task E 350 Yes Yes 400
Task F 250 No No 0
TOTAL
Questions
1. Using the 50-50 Rule, what is earned value for this project? (Put answer into the
“Earned value” column in the table.)
2. Using the 0-100 Rule, what is earned value for this project? (Simply supply the
number)
3. Note the discrepancy of earned value figures when using the 50-50 Rule and 0-
100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your
rationale.
4. Using the 50-50 Rule earned value computation, what is schedule variance for
the project as reported? (Put answer into the “Sched var” column in the table.)
5. What is the schedule performance index (SPI)? (Provide the number. What does
this number mean?)
6. Using the 50-50 Rule earned value computation, what is the cost variance for
the project as reported? (Put answer into the “Cost var” column in the table.)
7. What is the cost performance index (CPI)? (Provide the number. What does this
number mean?)
8. If the total budget for this project is 5000, use CPI to compute estimate at
complete (EAC).
9. Using the earned value information garnered from the above table, provide your
boss a brief status report on project progress to date. Also, provide projections
for future status.

mgt150 workbook (Steve) 35.99

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