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incentive fee of R150,000 for finishing his project early. The two project managers agree that, should the reallocation be made, the value of incentive fee
incentive fee of R150,000 for finishing his project early. The two project managers agree that, should the reallocation be made, the value of incentive fee would be booked as a cost against the cable-stayed bridge project and transferred to the other project. The duration of Activity F can also be reduced. A step that would reduce duration to 3 weeks would increase the cost to R730,000 while a further step to reduce duration to 2 weeks would bring the total cost of this activity to R820,000. An increase of expenditures on Activity Q to a total of R2,929,000 would reduce the duration of this activity to 2 weeks. Activity Description Immediate Predecessors Duration (week) 2 Cost estimate (R1,000) 17 A B A 6 16 B 6 557 D 4 47 Detail site investigation and survey Detail planning Detail design Preparation of site Relocate services Re-align overhead track electrification Access road and ramp construction Piling E 3 28 F CE 4 650 G D 1 63 H G 2 820 J Construct foundations and abutments H 3 975 K F G 2 720 L 2 13 M Construct temporary supports to support bridge deck during construction Fabrication planning of structural steel components Manufacture structural steel components (off-site) Transport structural steel components and erect on-site Erect pylons and fill with concrete L 2 1320 N M 1 433 J 2 840 3 Q H, K, N, P 3 2,800 R Q 3 875 S R 1 54 T S 1 147 U S 2 142 Construct main span deck on pre-cast concrete beams Cable-stay installation and lift the bridge deck off temporary supports Removal of temporary supports Electrical system installation Roadway surfacing (paving) Finishing and ancillaries Commissioning - cut-over Formal hand-over and ceremony Project sign-off Administrative closure Project end (milestone) V T, U 2 76 W V 1 14 X W 1 9 Y X 1 1 Z W 1 4 AA Y, Z 0 10,621 QUESTIONS 1. Draw the project networks (AON) showing the duration, the early start and finish, later start and later finish for each activity, and the critical path and its total budget. (Marks: 30) 2. Compile a list showing the reduced periods for impairment of the rail operation and the associated additional costs. (Marks: 15) 3. Compile a short about the role that the project management team may play to deal with the risk of not meeting the committed due date. (Marks: 25) incentive fee of R150,000 for finishing his project early. The two project managers agree that, should the reallocation be made, the value of incentive fee would be booked as a cost against the cable-stayed bridge project and transferred to the other project. The duration of Activity F can also be reduced. A step that would reduce duration to 3 weeks would increase the cost to R730,000 while a further step to reduce duration to 2 weeks would bring the total cost of this activity to R820,000. An increase of expenditures on Activity Q to a total of R2,929,000 would reduce the duration of this activity to 2 weeks. Activity Description Immediate Predecessors Duration (week) 2 Cost estimate (R1,000) 17 A B A 6 16 B 6 557 D 4 47 Detail site investigation and survey Detail planning Detail design Preparation of site Relocate services Re-align overhead track electrification Access road and ramp construction Piling E 3 28 F CE 4 650 G D 1 63 H G 2 820 J Construct foundations and abutments H 3 975 K F G 2 720 L 2 13 M Construct temporary supports to support bridge deck during construction Fabrication planning of structural steel components Manufacture structural steel components (off-site) Transport structural steel components and erect on-site Erect pylons and fill with concrete L 2 1320 N M 1 433 J 2 840 3 Q H, K, N, P 3 2,800 R Q 3 875 S R 1 54 T S 1 147 U S 2 142 Construct main span deck on pre-cast concrete beams Cable-stay installation and lift the bridge deck off temporary supports Removal of temporary supports Electrical system installation Roadway surfacing (paving) Finishing and ancillaries Commissioning - cut-over Formal hand-over and ceremony Project sign-off Administrative closure Project end (milestone) V T, U 2 76 W V 1 14 X W 1 9 Y X 1 1 Z W 1 4 AA Y, Z 0 10,621 QUESTIONS 1. Draw the project networks (AON) showing the duration, the early start and finish, later start and later finish for each activity, and the critical path and its total budget. (Marks: 30) 2. Compile a list showing the reduced periods for impairment of the rail operation and the associated additional costs. (Marks: 15) 3. Compile a short about the role that the project management team may play to deal with the risk of not meeting the committed due date. (Marks: 25)
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