ISYS 2013 Final Assessment (Trimester 2A, 2021) Due Date: Friday 8th Oct 5pm This take-home exam contains five questions in multiple parts. Answer ALL questions. DO NOT discuss your answers to these questions with other students. Make your submission on Blackboard through Turnitin by the due date. Instruction for submission: 1) You need to submit the work breakdown structure as a Microsoft project file in the first submission link on assessment> final assessment page. 2) You need to submit the answers for question 2, 3, 4 and 5 in Microsoft word file in the second Turnitin submission link on assessement> final assessment page. Five Questions [100 Marks in total] Based on the project description which you have submitted as your project charter (individual assignment) answer the following questions: 1. Develop the work breakdown structure (including time, reseource allocation and any cost allocation as required with no resource overallocation) (20 marks) 2. Develop procurement management plan (including current market analysis, identification and selection of suitable suppliers by using the selection matrix, selection of types of contract for each supplier, risk assessment on each contract and prioritising these risks) (20 marks) 3. Develop the stakeholder communication management plan (20 marks) 4. The figures used in Earned Value Analysis provide measures to indicate the status of a project incorporating measures for time, cost and scope. The key values are Earned Value, Planned Value and Actual Cost. The following calculations have been made for a project: Budget at Completion (BAC) $250,000 Time Estimate 12 months Earned Value (EV) $55,000 Planned Value (PV) $60,000 Actual Cost (AC) $81,000 a) Calculate cost and schedule variances, cost and schedule performance indices, estimate to complete, estimate at completion and to complete performance index (5 marks) b) What do these figures (varirance, performance indices and estimates) indicate (10 marks) c) If you are the Project Manager, what actions would you take based on these figures (5 marks) 3. Consider the following network diagram for a project. The duration of each activity (in days) is given. (a) Calculate early start, early finish, late start, and late finish for each of the activities using the Two-Pass method. Assume the project starts on Day 0. Fill in the table below. (6 marks) Activity Early Start Early Finish Late Start Late Finish Slack A B C D E F G H (b) Identify all of the paths on the network diagram and show their duration. (3 marks) (c) What is the critical path for this project and how long is it (2 marks) (d) What does “slack” mean Which of the activities in this project have slack (2 marks) (e) What would be the effect on the project if Activity E takes 10 days to complete (2 marks) (f) As the project manager, what are the two techniques could you use to bring the project back to its original scheduled completion target Give an example using the data above to illustrate your answer. (5 marks) End of Final Assessment A 8 B 12 C 5 D 8 F 9 E 7 G 6 H 10
