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IT 270- IT Project Management
Assignment No. 3
Submission must be through the submission folder set by your instructor on Blackboard, no email submissions will be accepted.
Late submission or plagiarism will result in ZERO mark.
This assignment worth 5 marks of the total course mark.
Search the book or other resources to have a better understanding of the questions.
Q 1 : Using Gantt chart you created for “ Hospital Management Project ", Add at least four milestones and Enter dependencies between tasks using Microsoft Project .
Q 2 : Assume you have completed three months of the project. The BAC was $200 000 for this six month project. Also assume the following:
PV=$120,000 EV=$100,000 AC = $90,000
a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
b). How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? c). Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
A) Cost Variance CV = EV - AC =100,000 - 90,000 =$10,000 Schedule Variance SV = EV-PV =100,000 - 120,000 =-$20,000 Cost Performance Index CPI = EV / AC =100,000 / 90,000 =1.11 Schedule Performance Index SPI = EV / PV =100,000 / 120,000 =0.833 B) The project cost is $90,000 under budget but $20,000 behind schedule C)Estimate at Completion (EAC) Estimate To Complete (ETC) = (BAC - EV) / CPI =(200,000 - 100,000) / 1.11 =$90,090 EAC = AC + ETC = 90,000 + 90,090 =$180,090 From the calculation of EAC, we can expect that the project will be completed under budget of $19,910. As such, the project is performing better than planned * Budget variance = BAC - EAC = 200,000 - 180,000 = $19,910
Path1: A-C-I-J 5+6+8+5 = 24 Critical Path
Path2: A-D-I-J 5+3+8+5 = 21
Path3: B-E-G-J 4+3+2+5 = 14
Path4: B-F-H-J 4+6+5+5 = 20