Question
This is one main question with sub questions a-g. The assignment questions paper is barred(cannot be sent out at all). Q1: You are managing a
This is one main question with sub questions a-g. The assignment questions paper is barred(cannot be sent out at all).
Q1: You are managing a product upgrade of Beta as shown in Figure 1. Given the project network that follows, complete the forward and backward pass, compute activity slack, identify the critical path. ( Figure 1. Network diagram of project Beta on page 1. Project baseline is shown in Table 1. ( page2). Project status reports for periods 1 to 12 in Table 2(page 3). On page 5: Answer the following questions ( a - g combined):
a. Given the information provided for project Beta for periods 1 through 12, complete the status reports by computing the PV, EV, SV, CV and explain them to the owner with simple terms.
b. Compute the SPI, CPI and PCIB for each period and plot them on a GRAPH similar to the following ( the time axis needs to extend to 12). Explain your assessment to the owner with simple terms.
c. Plot the EV, AC, and PV on a Graph similar to the following ( the time axis needs to extend to 12).
d. Explain to the owner your assessment of the project at the end of period 12.
e. If the project goes with the same trend of progress, what is your forecast of the budget at completion?
f. Calculate TCPI and explain it to the owner with simple terms.
g. Summarise( using examples) 4 different scenarios where the earned VALUE would allow the project manager to track and report on the progress of the project during the execution phase(Hint: see Figure 13.5 on page 486 of Larson and Gray, 2021).
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