Exam Example Exercise 1 solution

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Exercise 1 • A) The following project is assigned. Identify the critical path. Can be the project concluded before week 15? • Considering the possibility to crash the activities as shown in table 2 identify the optimal solution according to a crashing programme. A penalty of 10 000€ is applied in case the project is not concluded before week 13. Activity Immediate Predecessor Duration (Weeks) Duration Reduction (Crashing) Total Crashing Cost (€) A - 4 1 15 000€ B - 7 3 30 000€ C A 2 1 8 000€ D A,B 1 / / E C 5 2 16 000€ F B,D,E 4 1 9 000€ G E,F 2 2 30 000€ Exercise 1 • Considering the possibility to crash the activities as shown in table 2 identify the optimal solution according to a crashing programme. A penalty of 10 000€ is applied in case the project is not concluded before week 13. • Considering the following budget information compute the project performances. Consider that Time Now = 10 and that BCWS = current BCWP at month 8 (no crashing is considered). • Which are the Estimate at completion (EAC) in terms of time and money in case of contingent error? And in case of Structural error? Activity Expected Costs (€) Real Costs (€) BCWP criteria (milestones) Percentage of Completion A 18 000€ 20 000€ 20-80 All Milestones completed B 35 000€ 40 000€ 0-100 All Milestones completed C 40 000€ 30 000€ 0-50-100 Second Milestone Completed (50%) D 35 000€ 15 000€ 20-80 First Milestone completed E 20 000€ 5 000€ 20-80 First Milestone completed F 30 000€ - 0-100 G 20 000€ - 20-80 Critical path: A,C,E,F,G A,C,E,G Non Riesce a finire entro la settima 15! CRASHING PENALITY= 10 k€/WEEKS se non si finisce entro la settimana 13 CRASHING E!!! 0 4 4 A 0 0 4 4 2 6 C 4 0 6 6 5 11 E 6 0 11 15 2 17 G 15 0 17 11 4 15 F 11 0 15 0 7 7 B 3 3 10 7 1 8 D 10 3 11 Activity Predecessor Duration…