Reference no: EM131325590
Project Management Assignment
1) The following table shows the allocation of work assignments and resources needed for an investment firm to make a decision on investing in company XYZ.
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Task A
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Task B
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Task C
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Prtfolio Managers
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Week 1 (S)
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-
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Week 3 (P)
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Associates
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-
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Week 1 (P)
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Week 2 (S)
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Analysts
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Week 1 (P)
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Week 2 (P)
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Week 2 (S)
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(P)=Primary (S)=Secondary
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Resource
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Week 1
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Week 2
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Week 3
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Prtfolio Manager
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1
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|
1
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Associate
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1
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2
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Analyst
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2
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5
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Note: figures in spreadsheet are person-weeks of effort
a) Create Responsibility Matrix
b) Create Resource Gantt Chart
c) Create Resources Loading Chart
2) Building a swimming pool
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Task
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Worker Category
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Person Days
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# of Workers
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Elapsed Time (days)
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Materials ($)
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Excavate
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Machine Operator
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6
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2
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0
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1,500.00
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Frame the walls
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Masons
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8
|
4
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0
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800.00
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Install Internal Plumbing
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Plumber
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4
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2
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0
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700.00
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Install Electricity
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Electrician
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2
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2
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0
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500.00
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Pour concrete
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Masons
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4
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2
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4
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2,000,00
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Install pump and filter
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Plumber
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1
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1
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0
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3,000.00
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Total
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8,500.00
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Category
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Wage Rate $/Day
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Electrician
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200.00
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Mason
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160.00
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Machine operator
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120.00
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Plumber
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200.00
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a) Create a Gantt chart from the work breakdown structure.
b) Create a PERT/CPM network showing the interdependencies of the different activities. How long will the project take? (Note: Don't forget to take "elapsed time" into account.)
c) Using the information in your Gantt chart, as well as the information on wage rates and cost of materials, put together a budget showing planned total expenditures for the project.
3) Following are cost and schedule data for a project that is underway.
Project Cost Data
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Month
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Planned
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Actual
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1
|
30
|
12
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2
|
35
|
23
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3
|
42
|
55
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|
4
|
46
|
55
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5
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40
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53
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6
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52
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60
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7
|
45
|
75
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8
|
48
|
80
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9
|
50
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|
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10
|
40
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|
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11
|
30
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|
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12
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15
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Projects Schedule Date
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Task
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Planned Starting Month
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Planned Duration (months)
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Actual starting month
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Actual Duration (months)
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A
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1
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2
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2
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3
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B
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2
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3
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3
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5
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C
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4
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3
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6
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3 so far
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D
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6
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5
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7
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2 so far
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E
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8
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4
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Not yet begun
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F
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10
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3
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Not yet begun
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a) Using the cost data in the cost table above, create a cumulative cost curve comparing actual versus planned costs.
b) Using the schedule data in the schedule table above, create a Gantt chart comparing actual versus planned schedule performance.
c) Summarize in words what you see project status to be at this time. What do you predict regarding the final cost and final schedule for the project?