1 What is the effect of time now on a networked, or CPM, schedule? What happens to work in progress activities? How are Work In Process Activity predecessors addressed?
Time now provides a status point within the project to show what activities have started, finished are in progress or are slipping. Time now goes through the activity or work in progress and addresses the status of the activity in progress with a percent complete. Predecessors are either complete or not complete, the relationships between finished activities no longer drive logic of schedule and are ignored unless lead or lag times impact start times to the right of time now.
2 Given the following information:
PV= 100EV = 110AC = 200BAC = 1000
What is the ETC, EAC, VAC, SV, CV, SPI, CPI?
What is the IEAC2 = BAC/CPI?
ETC= 1000-110= 890, EAC=890+200=1090, VAC=1000-1090=-90, SV=110-100=10, CV=110-200=-90, SPI=110/100=1.1, CPI=110/200=.55
IEAC=1000/.55=1818.2
BAC*10%=100
Is this project predicted to overrun by more than 10% of BAC? Why or why not?
No this project is predicted to come in overrun at 9 percent due to the EAC being 1090 which is 9 percent higher than the BAC of 1000
3 What is a project Audit? When is it most likely to occur?
A project audit is a thorough examination of the management of a project, the methodology and procedures, records, properties, budgets and expenditures and its degree of completion. The Audit should cover the current status, future status, and status of critical tasks, Risk assessments, Information that may be pertinent to other projects, lesson learned, and the limitations of the audit. The first audits are usually done early on in the life cycle. These often focus on technical issues to ensure key problems are solved in the infancy of the project. Audits performed later on in the life of the project are generally more useful to the parent organization rather than immediately beneficial to the project itself.
4 What does monitoring and control...