Exam Exercises with Solution

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Titolo presentazione sottotitolo • Milano, XX mese 20XX Project Management Exercises Agenda • Exercise 1 • Exercise 2 Exercise 1 A)The Project Manager of Toys&Toys is in charge of the development of a new line of smart toys for the year 2020. Based on a preliminary market analysis the top management of the company would require the new line to be ready in 28 week. Is the project manager able to satisfy this request, considering that the project is constituted by the following activities? Activity Description Immediate Predecessor Duration (Weeks) A Product Design - 10 B Market Research - 4 C Production Analysis A 8 D Product Model A 6 E Marketing Material A 6 F Cost Analysis C 5 G Product Testing D 4 H Sales Training B,E 7 I Pricing F,H 2 J Project Report F,G,I 3 Exercise 1 B) Which is the total Cost of the project? C) The top management of the company reviews the project plan and understands that concluding the project at week 28 is too late with respect to competitors. The top management quantifies that finishing the project after week 24 would correspond to missing a market opportunity equal to 10 000€/week. Concluding before week 24 instead would grant a competitive advantage equal to 15 000 €/week. Which is the best schedule of the project? Activity Duration (Weeks) Duration Reduction (Crashing) Expected Costs (€) Crashing Cost (€) A 10 3 30 000€ 24 000€ B 4 1 40 000€ 4 000€ C 8 1 32 000€ 20 000€ D 6 2 18 000€ 4 000€ E 6 3 24 000€ 33 000€ F 5 2 59 000€ 20 000€ G 4 3 52 000€ 21 000€ H 7 2 30 000€ 9 500€ I 2 - 55 000€ - J 3 1 36 000€ 9 000€ Exercise 1 D) Considering the following budget information compute the project performances. Consider that Time Now = 12 and that BCWS = current BCWP at month 11 (no crashing is considered). E) Which are the Estimate at…