EAC AC EV) (CPI Or, EAC (1.142 Therefore, EAC 744218.134 Also, finding TCPI: Since the CPI value is greater than 1, the project is under budgeted. I, along with my team will be responsible for identifying and understanding each and aspect of the project.So the Performance Index(TCPI) is given TCPI (BAC EV) (BAC AC) Applying the above formula for all three cases, we get: TCPI (BAC EV) (EAC AC) Or, TCPI Therefore, TCPI 0.923 PART C: Cost Variance: Cost Variance is the difference between Earned Value and Actual Cost. Demands put forward the major and the project associated benefits to the community would be on prime focus.Tags: Slader Homework HelpIntroduction To Thesis PaperShort Essay About Internet Advantages And DisadvantagesRomeo And Juliet Balcony Scene Act 2 Scene 2 EssayCritical Thinking Games For StudentsMicroeconomics Homework HelpClassification Division Essay Examples
ENG8208 Advanced Engineering Project Management Assignment 1 Semester 1 2016 Date due: 22 April 2016 Weighting: (400 marks) Special Instructions 1. You are to use the Harvard AGPS referencing system, information which is available from the USQ Library webpage: 4. It is expected that your written answers will be produced using electronic word processing. Students should ensure they clearly understand the meaning of plagiarism and cheating.
Answer all questions, and ensure that your answers have the coverage, and are in the format, requested. You will require a table of contents for your answer to Part A. You will require an abstract and table of contents for your answer to Part B. You should include a word count for each of Part A and Part B of Question 1. In particular, students should understand that while they may collaborate with other students on the conceptual ideas in their assignments, the final written report submitted each student must be unique, and must not contain the written material of (a) any other student in the course, or (b) any other person without due acknowledgement.
You have been charged with delivering a revised project management plan to deliver the project on and with providing a report to the Project Sponsor explaining the actions you have taken.
Your Task Question 2 (a) Developing a Revised Project Plan (maximum 2500 words) 1. (200 marks) (20 marks) Nominate an organisation of your choice, and the engineering discipline or disciplines in which it is operating.
(6 marks) These formulae are as follows: (BAC EV) AC (CPI x Calculate the Performance Index TCPI_.
(3 marks) TOTAL FOR QUESTION 1 (b) 25 MARKS Question 1 (c) 30 marks Comment on each of these projects from the point of project performance, paying particular attention to the following: Cost Variance (CV) Schedule Variance (SV) Cost performance index (CPI) Schedule performance index (SPI) Estimated Actual Cost (EAC) of the project A brief assessment of the overall project performance, including any necessary measures required to successfully complete the project (2 marks per project) (2 marks per project) (2 marks per project) (2 marks per project) (2 marks per project) (5 marks per project) Total Marks per project 15 marks per project TOTAL FOR Question 1 (c) 30 MARKS 4 Question 1 (d) 20 marks Briefly discuss two (2) advantages and two (2) disadvantages of Earned Value Project Management. As a result of the influence of a number of stakeholders, there has been significant scope creep, which with the current rate of progress will delay delivery one (1) month. Your answers should be properly referenced and reflect that you have undertaken research outside the study material. Calculations for the project budget should be clearly explained. Assignments will be submitted electronically via the Study Desk. Please note that if plagiarism or cheating is detected in this assignment it will result in no marks for the assignment.Assignments are expected to be submitted to plagiarism detection software at the time of submission. Applications for extensions of assignment submission must be made in writing to the Course Examiner together with accompanying documentation as specified in the Assessment of Compassionate and Compelling Circumstances Procedure.The project cost management plan should include all costs reasonably expected to be incurred in delivering the project.These costs may include estimates for ensuring completion of the project. Prepare a plan for executing, monitoring and controlling the project (10 marks). Prepare a plan for any testing and commissioning, and for closing the project (10 marks) TOTAL FOR QUESTION 2 (a) Question 2 (b) 200 MARKS Report to Project Sponsor (maximum words) (50 marks) Write a report to your Project Sponsor that: succinctly outlines the steps you have taken to deliver the project within its original timeframe (as extended permitted scope creep of one (1) month) explains why they have been taken demonstrates how they will enable the project to be completed within its original timeframe discusses the additional costs that will be incurred to achieve this target (50 marks) TOTAL FOR QUESTION 2 (b) Written Communication Abstract and table of contents Structure Language, style, spelling Completion in within word count Setting out and referencing TOTAL FOR WRITTEN COMMUNICATION 50 MARKS (50 marks) (10 marks) (10 marks) (10 marks) (10 marks) (10 marks) 50 MARKS 8 b.Finding Cost performance index, CPI EV AC Or, CPI 1.142 Therefore, CPI 1.142 e. So as the project manager of LMRC, I would be responsible for proper planning, executing and successfully completing the project within the allocated time period and budget.Finding Schedule performance index, SPI EV PV Or, SPI Therefore, SPI Also finding the Estimate at Completion (EAC) of the project using the following formulae: 1. EAC BAC CPI Or, EAC 1.142 875656.742 Therefore, EAC 875656.742 3. I will be assisted an expertise team of engineers, field officers, contractors and workers throughout the project.The application and all supporting documentation must be submitted electronically.An Assignment submitted after the deadline without an approved extension of time will be penalised.EAC AC EV) (CPI Or, EAC (0.714 Therefore, EAC 1616891.892 Also, finding TCPI: Since the CPI value is less than 1, the project is over budgeted.So the Performance Index(TCPI) is given TCPI (BAC EV) (EAC AC) Applying the above formula for all three cases, we get: A.