What is the cost variance and schedule variance

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Reference no: EM132863981

Assessment - Case Study

In this assessment, students are required to analyse scenarios based on several case studies

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?

Q3. Instructions: Read the following Case Study carefully, then answer all the questions below under the heading Section C Questions.

Background
You have been asked to prepare a Project Proposal for a restaurant, who wish to extend their current operation by adding a page to their existing web site. They wish to set up an online ordering system for Takeaway Orders, which will be a scrolling menu and a "Chat" window on the same screen. They will also require a new PC at the shop's takeaway counter with a new broadband link to the internet.

The idea is that the customer will send their requests via the chat window. The shop's counter person will respond with any required requests for extra information and agree a pick-up time. From then on, the order will follow the normal process for takeaway orders.

In addition, the broadband link will be used by the Waiters in the main Restaurant reception (on an existing PC), to receive emails from that existing feature on the web page. These emails are mostly requests for Table Bookings, which can then be confirmed by return email.

Standard IT Project activities must happen.

a. Create a table listing at least five Objectives (in business terms) for this project as you would word them in the Project Proposal/Charter.

b. Develop work breakdown structure (WBS) of the case project featuring 3-5 levels and 10-20 boxes.

c. Create a Chart or Table, listing all of the major tasks, in sequence, and show all dependencies.

Reference no: EM132863981

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