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Course Examiners may refuse to accept Assignments for Assessment purposes after Marked Assignments feedback have been released.If Compassionate and Compelling Circumstances appear to exist, Course Examiners must consider these before refusing to accept an Assignment.Answer all questions, and ensure that your answers have the coverage, and are in the format, requested. You will require a table of contents for your answer to Part A. You will require an abstract and table of contents for your answer to Part B. You should include a word count for each of Part A and Part B of Question 1. In particular, students should understand that while they may collaborate with other students on the conceptual ideas in their assignments, the final written report submitted each student must be unique, and must not contain the written material of (a) any other student in the course, or (b) any other person without due acknowledgement.
Setting task priorities allow you to specify a task's importance and its availability for leveling.
The priority value that you enter is a subjective value between , which enables you to specify the amount of control you have over the leveling process.
See: 2 At the Status Date, the project has the following characteristics: Planned value (PV) Actual cost (AC) Percentage of work completed Calculate the following quantities: Earned Value (EV) (4 marks) Cost Variance (CV) Schedule Variance (SV) Cost performance index (CPI) Schedule performance index (SPI) (3 marks) (3 marks) (3 marks) (3 marks) Using your results, apply the three (3) formulae listed in Section 188.8.131.52 of the text to the calculation of the Estimate at Completion (EAC) of the project.
(6 marks) These formulae are as follows: (BAC EV) AC (CPI x Calculate the Performance Index TCPI_.
Leveling works by delaying tasks or splitting them so the resources that are assigned to those tasks are no longer overloaded.
When it is leveling, Project does not change who is assigned to each task.
For example, if you don't want Project to level a particular task, set its priority level to 1000.
By default, priority values are set at 500, or a medium level of control.
(3 marks) TOTAL FOR QUESTION 1 (b) 25 MARKS Question 1 (c) 30 marks Comment on each of these projects from the point of project performance, paying particular attention to the following: Cost Variance (CV) Schedule Variance (SV) Cost performance index (CPI) Schedule performance index (SPI) Estimated Actual Cost (EAC) of the project A brief assessment of the overall project performance, including any necessary measures required to successfully complete the project (2 marks per project) (2 marks per project) (2 marks per project) (2 marks per project) (2 marks per project) (5 marks per project) Total Marks per project 15 marks per project TOTAL FOR Question 1 (c) 30 MARKS 4 Question 1 (d) 20 marks Briefly discuss two (2) advantages and two (2) disadvantages of Earned Value Project Management. As a result of the influence of a number of stakeholders, there has been significant scope creep, which with the current rate of progress will delay delivery one (1) month.
Marking: Advantages Disadvantages FOR QUESTION 1 (d) (5 marks per advantage 10 marks total) (5 marks per disadvantage 10 marks total) 20 MARKS 5 Most of these resources are now booked for several months ahead. This scope creep also threatens to impact on the business case. Some components of the project have not been delivered or built to the required quality specification.