December 1999
PM217 : PROJECT MANAGEMENT

QUESTION 3

Total Marks: 15 Marks

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SUGGESTED SOLUTIONS
for Question 3

(a)

Give two limitations of an earned-value analysis of general trends in work performance.

 

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(b)

A software development company is handling a large project, which, because of its complexity,has been broken down into three stages.

Stage no. Planned cost Actual cost Earned cost
1 32,000 28,000 28,000
2 40,000 44,000 46,000
3 20,000 28,000 23,000

(i)Calculate the Cost Variance and Schedule Variance for each stage.[3 marks ]

(ii)Calculate the percentage of the job achieved for each stage.[2 marks ]

(iii)Calculate the Cost Performance Index for each stage.[2 marks ]

(iv)Calculate the Estimate at Completion factor for the project.[2 marks ]

You must show your working for each calculation.

 

[9]
(c)

Draw a Gantt chart and a cumulative cost curve for both of the following scenarios.

(i)On time,within budget.[2 marks ]

(ii)Cost and schedule overruns.[2 marks ]

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