PM401 - Final Exam Example - 20140728 - Solutions

Summer Course July 2014 - Prague
Project Management Course
Final Exam
Name: ………………………………………………..
MBA 401: Introduction to Project Management
Developed by
Simon Gordon-Smith and Ir. Luc De Ceuster, PMP
Page 2 of 12
Copyright Luc De Ceuster, 2014

Page 3 of 12
Question 1 – (30 points)

Consider the table with task information below:
Task Duratio Cost/Period Precedence Charlott

n e
A 3 2,000 NA 25%
B 2 2,500 NA 55%
C 5 1,500 NA
D 3 2,000 A, B 35%
E 3 4,000 B 45%
F 3 1,500 C 15%
G 2 2,000 D, E
H 4 1,000 E, F 55%
I 2 2,000 G 60%
J 4 1,500 H
K 4 1,000 I, J 100%
1. Draw the precedence diagram and calculate project duration, critical path, ES, EF, LS, LF
and slack for all tasks (10 points)
2. Draw the Gantt chart (10 points)
3. Determine the cost per period (time phased budget) and the S-curve (5 points)
4. Verify the utilization of resource "Charlotte" and propose solutions if necessary
(5 points)
Do the drawings on the following pages

6 6
1 4 6
A D
6 6
7 8 9 10
G I
3 3 13 14 15 16 0
1 3 5 17 20
B E K
8 0 0 17 20
9 12 13 16
H J

0 0 9 12 13 16
1 5 6 8
C F
1 5 6 8
Page 4 of 12
Gantt and Budget Curve
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
A 2 2 2
B 2.5 2.5
C 1.5 1.5 1.5 1.5 1.5
D 2 2 2
E 4 4 4
F 1.5 1.5 1.5
G 2 2
H 1 1 1 1

I 2 2
J 1.5 1.5 1.5 1.5
K 1 1 1 1
Time Phased 6 6 7.5 7.5 7.5 3.5 3.5 3.5 3 3 1 1 1.5 1.5 1.5 1.5 1 1 1 1
Cumulative 6 12 19.5 27 34.5 38 41.5 45 48 51 52 53 54.5 56 57.5 59 60 61 62 63

Page 5 of 12
Resource Utilization ‘Charlotte’
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
A 0.25 0.25 0.25
B 0.55 0.55
D 0.35 0.35 0.35
E 0.45 0.45 0.45
F 0.15 0.15 0.15
Conclusions and solutions for resource “Charlotte”:

H 0.55 0.55 0.55 0.55

I 0.60 0.60
K 1.00 1.00 1.00 1.00
Charlotte
0.80 0.80 0.70 0.80 0.80 0.50 0.15 0.15 1.15 1.15 0.55 0.55 1.00 1.00 1.00 1.00
Page 6 of 12
Page 7 of 12
There is a resource problem in periods 9 and 10. The task H cannot be moved since it
is on the critical path, so the only solution here is to work with task I. There are basically
three options:
1. Move task I to start from period 13

2. Leave the start date of task I as it is but extend its duration and “Charlotte” will
start working from week 13
3. Increase the duration of task I so that the utilization of “Charlotte” is reduced.
Increasing the duration with two weeks, makes that the percentage is reduced by
half and becomes 30%.

Page 8 of 12
PERT or three-point-estimates (5 points)
Consider the following data for a given task or project related to the duration:
Most optimistic cost = 50,000 CZK
Probable cost = 100,000 CZK
Most pessimistic cost = 250,000 CZK
Calculate the expected cost and standard deviation using PERT for a beta distribution
a+4 m+b 50 k + 4 × 100 k +250 k 700 k

Expected Cost = = = ≈ 117 k
6 6 6
b−a 250 k−50 k 200 k

σ= = = ≈33 k
6 6 6
We have 10 stakeholders identified for our project. Suddenly, due to a change 15 more
stakeholders have to be added. (5 points)
Calculate the initial and final number of communication lines:
n∙ ( n−1 ) 10 ∙ 9
Initial= = =45
2 2
n∙ ( n−1 ) 25 ∙ 24
Initial+15= = =300
2 2

Page 9 of 12
Question 4 - (10 points)

Our project has the goal to produce 21 widgets in 15 weeks. The estimated cost for one widget
is 5k Euro. We are now at week 10.
In our project planning we have foreseen that the project team would produce 14 widgets in
period of 10 weeks. We produced 12 widgets and paid 75k.
A. What is the Budget at completion? (5)

B. What is your conclusion? Draw this in a graph supposing that the S-curve is linear. (5)
C. What can you estimate of completion time and final budget using linear extrapolation
(graphical solution). (2)
A. BAC = 21 x 5k = 105k
B. See graph: behind schedule and over budget
C. Approximately 130k

Page 10 of 12
432323??’\k
ji 4ev
Indicate with ‘x’ to which process step the deliverable belongs (according to the Project Management
Process)
Deliverable or item Initiation Planning Execution Monitor & Control Closing

WBS x
Task List x
As built plans x
Lessons learned x
Project Deliverables x
Project Plan x
Change Management x x

Page 11 of 12
Project Review x
Schedule Control x
Explain in short the difference between a project and a process.
A project has a limited duration and creates something unique. The project ends when
all the work is completed
A process is repeating producing similar things. The process will stop when the
economic reality changes. New models that need to guarantee survival of the company.

Page 12 of 12
We have 2 vendors A and B. Vendor A completes the work for 350k and B for 325k. Vendor A
has a probability of 10% to be late 10 days. Vendor B has a probability of 5% to be late 20 days.
A day delay costs 10k.
Select A or B and explain with calculations.
EMV A =350 k +0.1 ×10 ×1 k =351 k
EMV B=325 k +0.05 × 20× 1 k=326 k

PM401 - Final Exam Example - 20140728 - Solutions

Uploaded by

Copyright:

Available Formats

PM401 - Final Exam Example - 20140728 - Solutions

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

PM401 - Final Exam Example - 20140728 - Solutions

Uploaded by

Copyright:

Available Formats

Summer Course July 2014 - Prague

Project Management Course

MBA 401: Introduction to Project Management

Copyright Luc De Ceuster, 2014

Question 1 – (30 points)

Task Duratio Cost/Period Precedence Charlott

Do the drawings on the following pages

Copyright Luc De Ceuster, 2014

Copyright Luc De Ceuster, 2014

C 1.5 1.5 1.5 1.5 1.5

F 1.5 1.5 1.5

Copyright Luc De Ceuster, 2014

J 1.5 1.5 1.5 1.5

Cumulative 6 12 19.5 27 34.5 38 41.5 45 48 51 52 53 54.5 56 57.5 59 60 61 62 63

A 0.25 0.25 0.25

D 0.35 0.35 0.35

E 0.45 0.45 0.45

F 0.15 0.15 0.15

Conclusions and solutions for resource “Charlotte”:

Copyright Luc De Ceuster, 2014

K 1.00 1.00 1.00 1.00

1. Move task I to start from period 13

Copyright Luc De Ceuster, 2014

Most optimistic cost = 50,000 CZK

Probable cost = 100,000 CZK

Most pessimistic cost = 250,000 CZK

a+4 m+b 50 k + 4 × 100 k +250 k 700 k

b−a 250 k−50 k 200 k

Calculate the initial and final number of communication lines:

Copyright Luc De Ceuster, 2014

Question 4 - (10 points)

A. What is the Budget at completion? (5)

Copyright Luc De Ceuster, 2014

Deliverable or item Initiation Planning Execution Monitor & Control Closing

Copyright Luc De Ceuster, 2014

Copyright Luc De Ceuster, 2014

Select A or B and explain with calculations.

EMV A =350 k +0.1 ×10 ×1 k =351 k

EMV B=325 k +0.05 × 20× 1 k=326 k

Copyright Luc De Ceuster, 2014

You might also like