Reference no: EM132509103
Project Management Assignment - Project Scheduling, Tracking and Quality - College of Banking and Financial Studies, Oman
Assignment Questions -
Q1. Fill the following table with 15 tasks, predecessors and duration from tasks F of your assignment 2 and consider the table for answering the questions below:
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Task/Activity
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Task/Activity Name
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Duration
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Predecessor
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A
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B
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C
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D
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E
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F
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G
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H
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I
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J
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K
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L
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M
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N
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O
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a) Draw Gantt chart to represent schedule of your project (only limited to the 15 tasks).
b) Draw Labeled Network Diagram and high light critical path.
c) Calculate total duration.
d) Make a list of all Critical Activities.
e) Make a list of all Non-Critical Activities.
f) Find Total Float/ Slack for Each Activity.
Q2. Fill the following table with first 8 tasks with predecessors and estimated Cost of your project to answer the question given below the table:
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Task/Activity
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Task/Activity Name
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Duration
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Predecessor
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Estimated Cost
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A
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2
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B
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1
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C
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2
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D
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2
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E
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1
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F
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4
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G
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2
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H
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2
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Note: Do not change Duration given in the table.
a. Fill the Progress Report
The project started on April 26, 2020 and you received the following progress report at the end of April 29, 2020:
Activity A is Completed 100%, and the cost incurred is 10% more than the estimated cost. Activity A Cost incurred= .......................
Activity B is Completed 100%, and the cost incurred is 2 % less than the estimated cost. Activity B Cost incurred= .......................
Activity C is completed 25% and the cost incurred is 40% of the estimated cost. Activity C Cost incurred= .......................
b. Calculate Budget at completion (BAC).
c. Draw Gantt chart for the above-mentioned activities, also show percent complete, estimated cost, cost incurred values as per the progress report.
d. Calculate Planned Value (PV), Earned Value (EV) and Actual Cost (AC) by considering the progress report.
e. Calculate Schedule Variance (SV) and Cost Variance (CV) and discuss the results with regard to tracking your finances as your project progresses:
f. Calculate the following indexes and discuss how they can help in monitoring performance:
i. Schedule Performance Index (SPI)
ii. Cost Performance Index CPI
g. Calculate the Estimated total Cost at completion (EAC) and discuss the result.
h. Draw cost/schedule graph showing PV, EV, AC, SV, CV, EAC and BAC based on the above-mentioned calculation.
Q3. Discuss, how would you manage quality in your project. (150-200 words).