NJIT Project Management Problems & Solutions

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NJIT Project Management Problems & Solutions

Description

Problem #1

Complete SV, CV, CPI, SPI and EAC for each week. Also, plot plot CPI and SPI over time.

BAC = 460

Week	BCWS	BCWP	ACWP	SV	CV	CPI	SPI	EAC
1	50	50	25
2	70	60	40
3	90	80	67
4	120	105	90
5	130	120	115
6	140	135	130
7	165	150	155
8	200	175	190
9	250	220	230
10	270	260	270
11	300	295	305
12	350	340	340
13	380	360	370
14	420	395	400
15	460	460	450

Problem #2

Complete this table using the information below for the project AT THE END OF WEEK #4.

Activity	Percent Complete	BCWS	BCWP	BCWP (using 50/50 Rule)	ACWP	CV	SV	CV (using 50/50 Rule)	SV (using 50/50 Rule)

Network Logic:

Problem # 3

On June 12th, Delta Corporation was awarded a $160K contract for Project X. The contract consisted of $143K for labor and materials with the remaining $17K as projected profit. The project started on July 3rd. The Network Logic and Project Planning Budget as developed by the project manager was as follows:

Network Logic:

Starting Node	Ending Node	Duration (Weeks)
A	B	7
A	C	10
A	D	8
B	C	4
B	E	2
C	F	3
D	F	5
E	F	2
F	G	1

Project Planning Budget:

On August 27th (8 weeks into project), Delta’s CEO received the following status report:

Activity	% Complete	Actual Cost (K’s)	Time remaining (Weeks)
AB	100	$ 23.50	0
AC	60	$ 19.20	4
AD	87.5	$ 37.50	1
BC	50	$ 8.00	2
BE	50	$ 5.50	1

The CEO could not identify the real status of the project from this report, even after comparing the report the Project Planning Budget. As such, you have been asked to prepare a better status report (using the format below). to depict the “true status” of the project including how much profit the project is expected to yield now (after week 8).

Status Report Format:

Activity	Percent Complete	BCWS	BCWP	BCWP (using 50/50 Rule)	ACWP	CV	SV	CV (using 50/50 Rule)	SV (using 50/50 Rule)

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