COMP507- ITPM
Semester 1 2024
ASSIGNMENT #2 (100 marks)
Contribution to final marks: 50%
Must get a minimum of 35/100 marks in this assignment to get an overall pass for this paper
Submission Requirements:
· This is an individual assignment. The cover page must have your ID number and Name (in full)
· Please use 1.5-line spacing and 12-point font (no handwritten assignment will be marked except for drawing the AOA diagram)
· Include page numbers.
Task1: Project Cost Control (30 marks)
You are required to control the budget for the MYH project. Below is the Business Case of the project.
Table 1
Business Case for MYH
1.1 What is the total budget at completion (BAC) for the project? (3 marks)
Assume that the work for the first week is completed in the project. The following information has been provided as a result of work done so far.
Plan Value (PV) = $400, 000
Earned Value (EV) = $250, 000
Actual Cost (AC) = $600, 000
Answer the following questions (1.2 – 1.6). You must show all the workings to support your answers.
1.2 Explain a likely reason for the difference between PV and AC for the first week of this project. (5 marks)
1.3 Calculate the cost variance (CV) and the cost performance index (CPI) for the first week of this project. Is the project under or over budget? (7 marks)
1.4 Calculate the schedule variance (SV) and the schedule performance index (SPI) for the first week of this project. Is the project ahead of or behind schedule? (7 marks)
1.5 Calculate the new estimate at completion (EAC) for this project after the completion of the first week’s work. (4 marks)
1.6 Calculate how long it will now take to finish this project after working on the project for a week. (4 marks)
Task 2: Project schedule development (35 marks)
Table 2 shown below provides the activities (A to L) and their three-point estimates for an Auckland City IT Infrastructure (LAN Network) project.
Table 2
Activities Schedule for Auckland City IT Infrastructure Project
|
Task
|
Predecessor
|
Optimistic duration (Day)
|
Most Likely duration (Day)
|
Pessimistic duration (Day)
|
Task effort
|
|
A
|
-
|
12
|
14
|
26
|
|
|
B
|
-
|
14
|
18
|
24
|
|
|
C
|
A
|
21
|
23
|
32
|
|
|
D
|
A
|
12
|
17
|
26
|
|
|
E
|
C
|
11
|
13
|
16
|
|
|
F
|
D
|
16
|
19
|
21
|
|
|
G
|
B
|
8
|
6
|
11
|
|
|
H
|
B
|
6
|
4
|
12
|
|
|
I
|
E, F, G
|
8
|
6
|
13
|
|
|
J
|
H
|
8
|
7
|
16
|
|
|
K
|
J
|
9
|
7
|
13
|
|
|
L
|
I, K
|
10
|
8
|
12
|
|
3.1 Complete the PERT estimation to show the duration of each activity. (10 marks)
3.2 Draw the network diagram (AOA) to show the order in which all the activities will be undertaken in this project. The diagram must be clearly labelled. (5 marks)
3.3 List all the possible paths for this project with their total durations. (4 marks)
3.4 Clearly identify and briefly explain the critical path for this project. (10 marks)
3.5 This network is expected to be up and running within 4 months from the time the work on the project is started. Does this opening date appear feasible? Justify with your calculations. (6 marks)
Task 3: Project selection (15 marks)
You are required to perform. analysis to help identify the order in which the projects will be undertaken from the available four projects.
3.1 Use the information below to create a table that must show the weighted score and priority for each project for a software vendor environment. (10 marks)
The factors that impact the success of a project include (a) the availability of a principal engineer (20%); (b) a development team assigned based on at least 4 senior software engineers with local development experience (20%); (c) availability of a product manager as an on-site customer) (20%); (d) support for the project from the sales and marketing team (20%); (e) availability of an agile tester (10%); and (f) an established product backlog based on high-level requirements (10%).
Table 3 below provides the scores based on these factors for each project.
Table 3
Criteria for Projects 1-4
|
Project / Criteria
|
a
|
b
|
c
|
d
|
e
|
f
|
|
Project 1
|
65
|
45
|
45
|
60
|
55
|
60
|
|
Project 2
|
70
|
65
|
55
|
65
|
85
|
70
|
|
Project 3
|
75
|
70
|
75
|
75
|
85
|
50
|
|
Project 4
|
60
|
70
|
75
|
75
|
85
|
70
|
3.2 Explain the order in which these 4 projects should be undertaken. Justify with your calculations. (5 marks)
Task 4: Project selection (20 marks)
4.1 Based on the information provided below, perform. a quantitative risk analysis using a decision tree diagram to calculate the expected monetary value (EMV) and contingency reserve for each project. (10 marks)
|
Project
|
Risks
|
Chance of Outcome
|
Estimated Impact
|
Expected monetary value (EMV)
|
Contingency reserve
|
|
Project 1
|
Risk 1
|
40%
|
-$ 60,000
|
|
|
|
Risk 2
|
60%
|
-$ 70,000
|
|
|
Project 2
|
Risk 1
|
20%
|
-$ 100,000
|
|
|
|
Risk 2
|
25%
|
$ 60,000
|
|
|
Risk 3
|
55%
|
$ 80,000
|
|
|
Project 3
|
Risk 1
|
20%
|
$ 60,000
|
|
|
|
Risk 2
|
25%
|
$ 75,000
|
|
|
Risk 3
|
55%
|
-$ 30,000
|
|
|
Project 4
|
Risk 1
|
40%
|
$ 60,000
|
|
|
|
Risk 2
|
35%
|
$ 40,000
|
|
|
Risk 3
|
25%
|
-$ 80,000
|
|
4.4 Explain the contingency reserve for each project. Justify with your calculations. (10 marks)