Pepp

In: English and Literature

Submitted By peterveiga
Words 420
Pages 2
Using the network below and the additional information provided, find:
(a) The crash cost per day per activity.
(b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost?
(c) What is the extra cost to crash the project? Activity | Normal Time | Crash Time | Normal Cost | Crash Cost | A | 5 | 3 | $300 | $350 | B | 3 | 2 | $250 | $325 | C | 6 | 4 | $400 | $700 | D | 5 | 3 | $150 | $200 |

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We have discussed at length the Earned Value Management process. I am sure all of you have used the traditional process of assessing projects where we compare actual dollars spent to the amount we had planned to spend. This was quick and easy, but it has its shortcomings, and the Earned Value Management process is said to be better.

(a) Why is this traditional approach different from using earned value when assessing project performance?
(b) What are some of the basic requirements for the project plan in order for EVM to be able to work?
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The following information is extracted from a project to develop a state of the art alternative power energy storage device:

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The Owner has stipulated that in order to provide continuity throughout the project, the same individual must handle all activities under his or her discipline. Activities on this project cannot be split.

(a) Identify any resource conflicts in the above project. State the activities involved, the days which have conflict(s), which resources(s) are involved, and the quantity required.
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(b) Given the owner's stipulation regarding project continuity and the need to minimize project duration, how can this conflict…...

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