PROJ 592 - Project Cost and Schedule Control

(DeVry)
PROJ 592 Week 1 YouDecide: New Vision System Product Development Project
PROJ 592 Week 1 DQ 1 WBS Construction
PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions
PROJ 592 Week 2 Assignment; 3 Multi-part Problems
PROJ 592 Week 2 DQ 1 Cost Components
PROJ 592 Week 2 DQ 2 Estimating Processes
PROJ 592 Week 3 DQ 1 Project Schedules
PROJ 592 Week 3 DQ 2 Sensitivity Analysis
PROJ 592 Week 3 Quiz (3 Versions)
PROJ 592 Week 4 Course Project, Part 1 (CP-1)
PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling
PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques
PROJ 592 Week 5 Assignment: Problems
PROJ 592 Week 5 DQ 1 Earned Value Calculation
PROJ 592 Week 5 DQ 2 Project Monitoring and Control & EV
PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost
PROJ 592 Week 6 DQ 2 Project Control
PROJ 592 Week 6 Quiz (3 Versions)
PROJ 592 Week 7 Course Project, Part 2 (C-P2)
PROJ 592 Week 7 DQ 1 Project Communications
PROJ 592 Week 7 DQ 2 PMIS Applications
PROJ 592 Week 8 Final Exam (4 Versions)
Additional Reference Papers: Discussions/Problems

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PROJ 592 Entire Course Guide Week 1 - 8
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PROJ 592 All Assignments Week 1, 2, 5 Tutorial
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PROJ 592 Week 1 YouDecide: New Vision System Product Development
Project
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PROJ 592 Week 2 Assignment; 3 Multi-part Problems
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PROJ 592 Week 5 Assignment Problems 5-1 through 5-2
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PROJ 592 Full Course Project: Part 1 (CP-1) + Part 2 (CP-2)
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PROJ 592 Week 4 Course Project Part 1 (CP-1)

Proposal - Opening a Specialty Coffee Shop
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PROJ 592 Week 7 Course Project, Part 2 (CP-2)
Financial Analysis - Indoor Theme Park Project
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PROJ 592 All Discussion Questions Week 1 - 7
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PROJ 592 Week 3, 6 Quizzes + Final Exam Solutions (All Versions)
Price: $ 59
PROJ 592 Week 3 Quiz Solutions (3 Versions)
Price: $ 20
Version 1
1. Question : (TCO B) Three-point estimate: The SuperFlyer Corporation is developing a
revolutionary flying disc. The new toy can fly straight over a great distance, which is exciting by
itself. However, this disc will also return to the owner in response to their voice! Because this is
an advance over anything that this company has done before, estimating the amount and cost of
the hi-tech materials are difficult............:
2. Question : (TCO A) Your manager has asked you as a project manager, "How does the
Bottom-Up budgeting process work? I hear the terms bottom up and top down." Explain the 4
basic steps in the bottom-up budgeting approach by identifying the organizational level (Upper
Management, Functional Management, and Project Management) and type of budget prepared at
each step. For each type of budget, explain why it is used at this level.
3. Question : (TCO B) You have been requested to provide a contingency estimate for a project
involving the manufacturing of a new television. You are provided with the following component
and labor estimates, together with the type of estimate:.................
4. Question : (TCO A) We are now in week 3 and have only discussed the plan. It is as if we will
never get to work and make this project happen. Why are we taking so much time to develop the
project plan, and how does that fit with monitoring and control? For full credit you must provide
specific reasons and justifications, not just generalities.
5. Question : (TCO A) An environmental consulting firm has been hired to clean up
contaminated groundwater beneath the site of a former chemical factory. The clean-up design
process consists of evaluating several alternatives, preparing a conceptual design for the most
appropriate alternative, evaluating the conceptual design by performing a small scale pilot test on
site, and, based on the results of the pilot test, preparing a final design.................
Version 2
1. Question : (TCO B) Three-point estimate: The SuperFlyer Corporation is developing a
revolutionary flying disc. The new toy can fly straight over a great distance, which is exciting by
itself. However, this disc will also return to the owner in response to their voice! Because this is
an advance over anything that this company has done before, estimating the amount and cost of
the hi-tech materials are difficult.............
2. Question : (TCO A) Single-project budgeting must fit into the overall budgeting process of the
organization and the company as a whole. As a project manager for one of your company's

projects, you have been asked to provide a brief description of the top-down approach to the
budgeting process. Explain the three basic steps in the top-down budgeting approach by
identifying the organizational level (Upper Management, Functional Management,............
3. Question : (TCO B) You have been requested to provide a contingency estimate for a project
involving the manufacturing of a new television. You are provided with the following component
and labor estimates, together with the type of estimate:..................
4. Question : (TCO A) We have discussed the project plan and are taking considerable time
developing processes for creating it. This seems to be in conflict with the description of the
course, which is Monitoring and Control. Why are we taking so much time to develop the project
plan, and how does it fit with monitoring and control? For full credit you must provide specific
reasons and justifications and not just generalities.
5. Question : (TCO A) A consumer electronics firm is planning an expansion into Milwaukee.
Generally, the firm prefers to remodel large existing tenant spaces to suit their needs. After a site
is selected from several................
Version 3
1. Question : (TCO B) Three-point estimate: The SuperFlyer Corporation is developing a
revolutionary flying disc. The new toy can fly straight over a great distance, which is exciting by
itself. However, this disc will also return to the owner in response to their voice! Because this is
an advance over anything that this company has done before, estimating the amount and cost of
the hi-tech materials are difficult..............
2. Question : (TCO A) Your manager has asked you as a project manager, "How does the
Bottom-Up budgeting process work? I hear the terms bottom up and top down." Explain the 4
basic steps in the bottom-up budgeting approach by identifying the organizational level (Upper
Management, Functional Management, and Project Management) and type of budget prepared at
each step. For each type of budget, explain why it is used at this level.
3. Question : (TCO B) You have been requested to provide a contingency estimate for a project
involving the manufacturing of a new television. You are provided with the following component
and labor estimates, together with the type of estimate:
4. Question : (TCO A) Our company has a limited time to complete our project to develop a new
product. We have been assigned as the project manager and are in the process of developing a
project plan. The executives are impatient with us and are "encouraging" us to move on and get
started on the "actual work." Why are we taking so much time to develop the project plan, and
how does that fit with monitoring and control?.............
5. Question : (TCO A) An environmental consulting firm has been hired to clean up
contaminated groundwater beneath the site of a former chemical factory. The clean-up design
process consists of evaluating several alternatives, preparing a conceptual design for the most
appropriate alternative, evaluating the conceptual design by performing a small scale pilot test on
site, and, based on the results of the pilot test, preparing a final design.............

PROJ 592 Week 6 Quiz Solutions (3 Versions)

Price: $ 20
Version 1
1. Question : (TCO B) Crashing Problem Using the network below and the additional
information provided, find: (a) The crash cost per day per activity? (b) Which activities should
be crashed to meet a project deadline of 12 days at minimum cost? (c) What is the extra cost to
crash the project? Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $600 B
3 2 $250 $450 C 6 4 $400 $500 D 5 3 $150 $400

2. Question : (TCO F) We have discussed at length the Earned Value Management process. I am
sure all of you have used the traditional process of assessing projects where we compare actual
dollars spent to the amount we had planned to spend. This was quick and easy, but it has its
shortcomings, and the Earned Value Management process is said to be better. (a) Why is this
traditional approach different from using earned.......
3. Question : (TCO E) The following information is extracted from a project to develop a state of
the art alternative power energy storage device:
Activity Duration Predecessors Resources A 4 days -- 1 Research Engineer B 3 days A 1
Marketing Specialist C 5 days A 1 Design Engineer D 3 days A 1 Design Engineer E 3 days B 1
Prototype Builder F 2 days D 1 Test Engineer The Owner has stipulated......... (a) Identify any
resource conflicts in the above...........?
4. Question : (TCO F) The following data were obtained from an Information Systems project to
upgrade and expand a Local Area Network: Activity Duration Predecessors Task Budget A 3
Days --- $4,920 B 6 Days --- $7,680 C 3 Days A $15,140 D 2 Days B $4,980 E 3 Days B $5,630
F 2 Days C, D $2,270 At the end of Day 7, the status of the project is as follows: Activity %
Complete Actual Cost
A 100% $4,200 B 100% $8,740 C 100% $18,250 D 55% $2,600 E 10% $560 F 0% $0 (a)
Calculate the Cost and Schedule Variances and Indexes for tasks A, B, C, D, and E. (b) As
project manager, write a brief summary of the status of the project at this time
5. Question : (TCO E) We have all been associated with projects with resource problems. As a
project manager, you will be responsible for resolving these problems. Remember, resources are
human and otherwise. If you can name it, it may be a resource. (a) When there are not enough
resources available...........? (b) Describe 5 of the many benefits to resource leveling.
Version 2
1. Question : (TCO B) Crashing Problem Using the network below and the additional
information provided, find: (a) The crash cost per day per activity. (b) Which activities should be
crashed to meet a project deadline of 12 days at minimum cost? (c) What is the extra cost to
crash the project? Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $350 B
3 2 $250 $325 C 6 4 $400 $700 D 5 3 $150 $200
2. Question : (TCO F) We have discussed at length the Earned Value Management process. I am
sure all of you have used the traditional process of assessing projects where we compare actual
dollars spent to the amount we had planned to spend. This was quick and easy, but it has its
shortcomings, and the Earned Value Management process is said to be better. (a) Why is this
traditional approach different from ........? (b) What are some of the basic requirements for the
project.......?
3. Question : (TCO E) The following information is extracted from a project to develop a state of
the art alternative power energy storage device: Activity Duration Predecessors Resources A 4
days -- 1 Research Engineer B 3 days A 1 Test Engineer C 5 days A 1 Design Engineer D 2 days
A 1 Marketing Specialist E 3 days B 1 Prototype Builder F 4 days D 1 Test Engineer The Owner
has stipulated that in order to provide continuity throughout the project, the same individual must
handle all activities under his or her discipline. Activities on this project cannot be split. (a)
Identify any resource conflicts in the above project...........?
4. Question : (TCO F) The following data were obtained from an Information Systems project to
upgrade and expand a Local Area Network: Activity Duration Predecessors Task Budget A 3
Days --- $4,920 B 6 Days --- $7,680 C 3 Days A $15,140 D 2 Days..........
5. Question : (TCO E) We have discussed resource allocation and resource leveling and the
purpose and benefits of each. We have all been associated with projects with resource issues. As

project managers, we are responsible for resolving these issues. Remember, resources are human,
capital, monetary, and otherwise. If you can name it, it may be a resource. (a) Define resource
allocation and resource leveling and describe the difference between them. (b) When...........?
Version 3
1. Question : (TCO B) Crashing Problem Using the network below and the additional
information provided, find: (a) The crash cost per day per activity. (b) Which activities should be
crashed to meet a project deadline of 12 days at minimum cost? (c) What is the extra cost to
crash the project?
Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $350 B 3 2 $250 $325 C
6 4 $400 $700 D 5 3 $150 $200
2. Question : (TCO F) We have discussed at length the Earned Value Management process. I am
sure all of you have used the traditional process of assessing projects where we compare actual
dollars spent to the amount we had planned to spend...........(a) Why is this traditional approach
different from using earned value when assessing project performance? (b) What are some of the
basic requirements for the project plan in order for EVM to be able to work?
3. Question : (TCO E) The following information is extracted from a project to develop a state of
the art alternative power energy storage device: Activity Duration Predecessors Resources A 4
days -- 1 Research Engineer B 3 days A 1 Marketing Specialist C 5 days A 1 Design Engineer D
3 days A 1 Design Engineer E 3 days B 1 Prototype Builder F 2 days D 1 Test Engineer.......... (a)
Identify any resource conflicts..........?
4. Question : (TCO F) The following data were obtained from an Information Systems project to
upgrade and expand a Local Area Network: Activity Duration Predecessors Task Budget A 3
Days --- $4,920 B 6 Days --- $7,680 C 3 Days A $15,140 D 2 Days B $4,980 E 3 Days B $5,630
F 2 Days C, D $2,270 At the end of Day 7, the status of the project is as follows:
Activity % Complete Actual Cost A 100% $4,200 B 100% $8,740 C 100% $18,250 D 55% ..
5. Question : (TCO E) We have discussed resource allocation and resource leveling and the
purpose and benefits of each. We have all been associated with projects with resource issues. As
project managers, we are responsible for resolving these issues. Remember, resources are human,
capital, monetary, and otherwise. If you can name it, it may be a resource. (a) Define resource
allocation and resource leveling...... (b) Describe 5 of the many benefits to resource.......

PROJ 592 Week 8 Final Exam Solutions

(4 Different Solution Versions)
Price: $ 40
Page 1
1. Question:
2. Question:
3. Question:
4. Question:
Page 2
1. Question:
2. Question:
3. Question:
Page 3
1. Question:
2. Question:
3. Question:

(TCO
(TCO
(TCO
(TCO

B)
B)
C)
A)

Estimating Procedures
Contingency Allowance:
Work Breakdown Structure WBS
Budgeting processes and techniques

(TCO C) Schedule Crashing

(TCO E) Responsibility Allocation Matrix
(TCO E) Resource Allocation/Leveling
(TCO G) Estimate At Completion forecast (EAC)
(TCO D) PMIS and cost accounting
(TCO F) Earned Value