Figure 1 presents a sample cost (S) and schedule percentage of completion (%) for Project B at the current status report date. The "today label marks the report date (day 25) of where the project has been and where it is going. Scheduled project duration is 45 days. The graph also suggests that the project will have about 18 percent cost overrun and five days delay. (a) Assuming that, you are one of the workers in Company A. Your company obtains one project from Malaysian Government to install solar panels in one rural area in Sabah. You have been selected as a Project Manager for the project. During the execution or implementation phase, you need to monitor the project. Describe and explain THREE activities that need to be conducted during the monitoring process. Include in your explanation the elements that need to be monitored. [7 Marks] [COL, PO11, C3] Based on Figure 1, answer the following questions: a) Calculate the cost variance (CV), schedule variance (SV), cost performance index (CPI). and schedule performance index (SPI) of the project at the present time, "today". $500 125% EAC [4 Marks) [CO1, P011, C2] AC actual cost $400 100% BAC PV baseline $340 85% (b) Based on your answers in b), explain on the performance of the project in terms of schedule and cost. [6 Marks) [COL, PO11, C3] $300 75% CV EV earned value SV $200 50% (c) By referring to the current performance of the project, provide THREE suggestions on what should the project manager of Project B do? [6 Marks) [COL, PO11, C3] $100 25% (d) If the estimation of project cost overrun is true, calculate the total cost of Project B at day 50 10 20 30 40 50 Scheduled end [2 Marks) [C01, PO11, C3] Today Project duration Figure 1: Cost and schedule graph of Project B Figure 1 presents a sample cost (S) and schedule percentage of completion (%) for Project B at the current status report date. The "today label marks the report date (day 25) of where the project has been and where it is going. Scheduled project duration is 45 days. The graph also suggests that the project will have about 18 percent cost overrun and five days delay. (a) Assuming that, you are one of the workers in Company A. Your company obtains one project from Malaysian Government to install solar panels in one rural area in Sabah. You have been selected as a Project Manager for the project. During the execution or implementation phase, you need to monitor the project. Describe and explain THREE activities that need to be conducted during the monitoring process. Include in your explanation the elements that need to be monitored. [7 Marks] [COL, PO11, C3] Based on Figure 1, answer the following questions: a) Calculate the cost variance (CV), schedule variance (SV), cost performance index (CPI). and schedule performance index (SPI) of the project at the present time, "today". $500 125% EAC [4 Marks) [CO1, P011, C2] AC actual cost $400 100% BAC PV baseline $340 85% (b) Based on your answers in b), explain on the performance of the project in terms of schedule and cost. [6 Marks) [COL, PO11, C3] $300 75% CV EV earned value SV $200 50% (c) By referring to the current performance of the project, provide THREE suggestions on what should the project manager of Project B do? [6 Marks) [COL, PO11, C3] $100 25% (d) If the estimation of project cost overrun is true, calculate the total cost of Project B at day 50 10 20 30 40 50 Scheduled end [2 Marks) [C01, PO11, C3] Today Project duration Figure 1: Cost and schedule graph of Project B
