Free Essay

# Pm Wk6 Hmwk

Submitted By f150stang
Words 722
Pages 3
-------------------------------------------------
Thank you for submitting your homework. Wilma | <Close Window |

Autograde Summary | Date Taken: | 6/12/2011 10:47:15 PM | Time Spent: | 0:00:09 | Points Received: | 10 / 60 (16.7%) |
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Question Type: | # Questions: | # Correct: | Short | 4 | N/A | Essay | 2 | N/A | |

Grade Details | | | | 1. | Question: | Using the network below and the additional information provided, find the following: a) The crash cost per day per activity (5 points)
b) Which activities should be crashed to meet a project deadline of 10 days at minimum cost (5 points)
c) The new budget (or cost of the project) (5 points) | | Your Answer: | The crash cost per day: Crash cost /days (Crashed cost time - crashed time ) The crash cost per day for activity A (500 - 300 (4 - 3 200 The crash cost per day for activity B (325 - 250 (3 - 1 37 .5 The crash cost per day for activity C (550 - 400 (7 - 4 50 The crash cost per day for activity D (250 - 150 (5 - 3 50 maximum crash cost per day is for activity A that is equal to 200 per day 1-2 7 4 \$30, \$50, \$70 2-3 9 6 \$40, \$45, \$65 1-3 12 10 \$60, \$60 2-4 11 9 \$35, \$60 3-4 3 3 - | | Instructor Explanation: | (a) (A) \$125 (B) \$50 (C) \$250 (D) \$300 (E) \$250
(b) B for one day and E for one day at cost of \$300
(c) \$1,750 | | Points Received: | 5 of 15 | 2. | Question: | Using the network below and the additional information provided, find the following: a) The crash cost per day per activity (7 points)
b) Which activities should be crashed to meet a project deadline of 13 days at minimum cost (6 points) | | Your Answer: | A 6 5 \$ 900 \$1,000 - B 8 6 300 400 - C 4 3 500 600 - D 5 3 900 1,200 A, B E 8 5 1,000 1,600 C 1-2 3 \$6 5 \$4 1-3 1 \$5 5 \$3 2-4 5 \$7 10 \$4 3-4 2 \$6 7 \$4 2-6 2 \$5 6 \$3 4-6 5 \$9 11 \$6 4-5 4 \$6 6 \$3 6-7 1 \$4 5 \$2 5-7 1 \$5 4 \$2 | | Instructor Explanation: | (a) (A) \$250 (B) \$50 (C) \$250 (D) \$100
(b) B for one day at cost of \$50 | | Points Received: | 5 of 13 | 3. | Question: | Month | ACWP | BCWS | BCWP | 22 | \$540 | \$523 | \$535 |
Calculate the CV (cost variance) and the SV (schedule variance). Then determine if the variance is favorable or unfavorable. | | Your Answer: | 1 800 800 800 | | Instructor Explanation: | CV = - \$5 (unfavorable)
SV = \$12 (favorable) | | Points Received: | 0 of 8 | 4. | Question: | Month | ACWP | BCWS | BCWP | 5 | \$34 | \$42 | \$39 |
Calculate the CV (cost variance), SV (schedule variance), CPI, and SPI. Then determine if the variances are favorable or unfavorable. | | Your Answer: | 2 800 600 400 | | Instructor Explanation: | CV = \$5 (favorable)
SV = - \$3 (unfavorable)
CPI = BCWP/ACWP = \$39/\$34 = 1.15
SPI = BCWP/BCWS = \$39/\$42 = 0.93 | | Points Received: | 0 of 8 | 5. | Question: | Day | ACWP | BCWS | BCWP | 65 | \$550 | \$735 | \$678 |
Calculate the CV (cost variance), SV (schedule variance), CPI, and SPI. Then determine if the variances are favorable or unfavorable. | | Your Answer: | 4 800 600 600 | | Instructor Explanation: | CV = \$128 (favorable)
SV = - \$57 (unfavorable)
CPI = 1.23
SPI = 0.92 | | Points Received: | 0 of 8 | 6. | Question: | Day | ACWP | BCWS | BCWP | 65 | \$750 | \$735 | \$678 |
Calculate the CV (cost variance), SV (schedule variance), CPI, and SPI. Then determine if the variances are favorable or unfavorable. | | Your Answer: | 1 800 800 800 2 800 600 400 3 800 400 600 4 800 600 600 5 800 800 600 6 800 800 1,000 7 800 1,000 1,000 8 800 600 800 9 800 1,000 800 10 800 1,000 600 11 800 600 1,000 12 800 1,200 1,000 13 800 1,100 1,200 | | Instructor Explanation: | CV = - \$72 (unfavorable)
SV = - \$57 (unfavorable)
CPI = 0.90
SPI = 0.92 | | Points Received: | 0 of 8 |
Bottom of Form

### Similar Documents

#### Hrm vs Pm

...Human Resources Management? There are many conflicting views on whether or not there is a substantive difference between Personnel Management and Human Resources Management. I hope by the end of my analysis on these two concepts that I would have clearly evaluate the questioned asked and gave an adequate response on whether there is in fact a difference. To that end, the concept of Personnel Management as defined by Bratton and Gold (2007) states that it is a function of management that coordinates the Human Resources need of an organisation including the designation of work, employee selection, training and development, rewards, performance assessment and union management relations. Armstrong (1977) also agrees with the definition of PM as he states that personnel management is concerned with obtaining, organizing and motivating the human resource required by the enterprise. This concept can be traced back to the industrial revolution that occurred in the late 18th century and is sometime referred to as the generic approach to management. On the other hand, David Ulrich (1998) states that the Human Resources Management should not be defined by what it does but by what it delivers – results that enrich the organisation’s values to customers, investor and employees. Thus it looks beyond the employees to the organisation, it terms of putting the needs (goals and objectives) ahead of all other aspects. This concept is referred to as the distinctive approach. ......

Words: 766 - Pages: 4

Free Essay

#### Pm Ledarskap

...kollegialt styre där vi inte ser Gun och Sven som våra chefer utan mer som våra kollegor som har tagit på sig ansvaret att sköta det här. Men jag har också makt att säga till Gun att, nä den här ekonomistyrningskursen funkar dåligt, nu gör vi om den såhär.” 5. Analys Inom kunskapsöverföringen syns direkt koppling till övergångarna från tyst till explicit kunskap genom sättet respondenterna använder sig av teori med en övergång till praktik för att få en genomslagskraft inom undervisningen med hjälp av internalisering. Denna genomgång sker enligt Tobias Johansson främst i metodavsnittet av kursen eftersom att eleverna kan förstå sig på problemet teoretiskt men inte praktiskt. Genom att förklara hur ett pm ska skrivas, ges inte eleverna tillräckliga kunskaper för att genomföra ett pm arbete. Tobias Johansson förklarar det som att, även om du får det förklarat för dig hur du lagar en punktering, betyder det inte att du kan göra det vid första försöket. Det är i den aspekten som övning, repetition och emulering som klassas som tyst kunskap, ger större genomslagskraft. Den förändringen i lärande som sker mellan respondenterna sker i olika takter och på olika sätt. Tobias Johansson hade t ex en fast synpunkt på att vara den administrativa ledartypen eftersom att han såg att den typen var bristfällig i universitetsvärlden. Han väljer att ändra/förbättra sitt sätt att undervisa inom den ramen samtidigt som de olika stegen först framkommer när han märker att kursen inte fungerar......

Words: 9536 - Pages: 39

#### Pm Questions

Words: 437 - Pages: 2

Free Essay

#### How Poweful Is the Pm?

...The PM is the most powerful person within the British political system, so believe he is now more powerful than ever due to his increased use of royal prerogative powers. The PM is powerful because he is head of the cabinet, including individual ministers and departments. But as important The PM is powerful in the sense that he was the ability to appoint cabinet ministers, dismiss them, promote and demote all ministers in government. He can select around 100 politicians from Commons and the Lords but can demote ministers in government such as Secretaries of States. The PM elects ministers who strongly support his ideologies or support his policies are appointed to respectable positions, whilst inner party opposition peers are selected to junior ministerial roles. These ‘opposition peers’ are often members of factions, in the Conservatives case that could be the “1922 Committee”. The PM can therefore influence their political careers and if careless actions occur this can lead to the end of that career. In October 2013, David Cameron had a cabinet reshuffle and of junior ministerial roles. For example, Baroness Warsi left the role as Tory Party co-chairman and was replaced by Grant Shapps. Andrew Langsley, a well-known MP who was part of the expenses scandal moved to lower profile roles. This would have been done in order to protect the reputation of him, as he wouldn’t want the electorate to think that troublesome/careless ministers still had a large influence in cabinet.......

Words: 1448 - Pages: 6

#### Pm Revision.

...PM Revision. Section B Chapter 1: Project life cycle. There are four stages in the Project Life Cycle. 1. Defining stage. 2. Planning stage. 3. Executing stage. 4. Closing stage. Chapter 4: Draw the WBS. * Defining the Project * There are five steps: Step 1: Defining the Project Scope * Project Scope Checklist 1. Project objective 2. Deliverables 3. Milestones 4. Technical requirements 5. Limits and exclusions 6. Reviews with customer Step 2: Establishing Project Priorities Step 3: Creating the Work Breakdown Structure Step 4: Integrating the WBS with the Organization Step 5: Coding the WBS for the information system Chapter 5: Factors influencing the Quality of Estimation. Quality of Estimates 1. Planning Horizon 2. Project Duration 3. People 4. Project Structure and Organization 5. Padding Estimates 6. Organization Culture 7. Other (Non-project) Factors Chapter 6: How to draw Network diagram & Gantt chart * Draw Network diagram. ( See 162, 163, 166, 169, and 170 in textbook) * Gantt chart. ( See 175, and 176 in textbook) Chapter 9: Ways can reduce project duration. Reducing Project Duration to Reduce Project Cost * Identifying direct costs to reduce project time * Gather information about direct and indirect costs of specific project durations. * Search critical activities for lowest direct-cost activities to shorten project duration. *......

Words: 1204 - Pages: 5

Free Essay

#### Pm 143

...the leader in workflow consulting”. Beck needs a strategy to get Beck where they want it to go in the future. Beck has to let all employees know the strategy. How can the employees help the company grow if they don’t know what is going on? Beck can be as good or bad as they want it to be. Its just the matter of communicating things so that people feel that they are apart of something instead of a tool to be used. -------------------------------------------- [ 1 ]. Reference Item B, p. 27. Ian Palmer, Richard Danford, Gib Akin. (2005). Managing Organizational Change: McGraw-Hill Irwin. [ 2 ]. Item 1 By Amanda Cantrell, CNNMoney.com staff writer March 29, 2006: 6:34 PM EST http://money.cnn.com/2006/03/29/technology/apple_anniversary/?cnn=yes [ 3 ]. Item 2 August 12, 2010, 12:32 pm Hyundai Is ‘On a Roll’ With Car BuyersBy CHERYL JENSEN http://wheels.blogs.nytimes.com/2010/08/12/hyundai-is-on-a-roll-with-car-buyers/ [ 4 ]. Item B, p. 151 Ian Palmer, Richard Danford, Gib Akin. (2005). Managing Organizational Change: McGraw-Hill Irwin. [ 5 ]. Item B, p. 126 Ian Palmer, Richard Danford, Gib Akin. (2005). Managing Organizational Change: McGraw-Hill Irwin. [ 6 ]. Item B, p. 151 Ian Palmer, Richard Danford, Gib Akin. (2005). Managing Organizational Change: McGraw-Hill Irwin....

Words: 2785 - Pages: 12

...I would recommend Adaptive project management methodology. The two aspects that make this method appropriate for the potential clients are; “Iterative decision-making or making choices based on learning from the outcomes of decisions previously taken and strategic flexibility or avoidance of irreversible decisions” (Virine, 2008). Adaptive PM will enable the organization to follow a structured PM system but will also provide the ability to change according to the organizations strategic plans and ongoing decision-making process. The organization is withholding the nature of the project; this would guide the project management to a structure that will be supportive the strategic impact, ability to refine the project based on needs, and lessons learned, and flexibility required for this project and the organization. Project management uses different methods to structure the project plan. Project management methodology allow the project manager and the organization to understand and see the project roadmap, milestones, timeline, risks, and manage desired outcome. Some of the methodologies utilized in project management are adaptive, Crystal Methods, Waterfall, and lean. As an example, the Waterfall method would not fit the potential client as its model does not allow change; it is fixed to methods, timelines and specified tasks (Tutorials Point). When analyzing which method is appropriate for the project, the desired outcome and strategic objects need to be clearly......

Words: 373 - Pages: 2

#### Pm Skills

...context of the organisation and how it operates. the PM would have to have a good understanding of the environment in which they are working and the signifigance of events and peoples actions. 3. Briefly explain the differences between functional, matrix and project organisations. Describe how each structure affects the management of the project. Functional organisations are departmentalised into functional areas of common knowledge. A projectised organisation arranges their staff into project teams of various the various skills required to complete projects. Projects are the main output of project organisations such as a construction company. A matrix organisation has a combination of both functional structure and project teams where an individula employee may have 2 managers simaltaneously, say there functional line manager and a Project manager for a project team they are a member of. For example a management Accountant will have a CFO as their functional manager but during ERP implentation they may also report to the project manager in charge of the ERP implementation. The different organisations refelect the different power or infuence a project manager may have. In a functional organisation a PM would have very little or none, within a matrix org they would have more but not total since there would be dotted line reporting to the PM and a more direct report to a functional manager. In a project centric org, the PM would be the the full direct line report to all......

Words: 4586 - Pages: 19

#### Tools for Pm

...Despite this enormous interest in projects and project management practices, success rates in many industries are at alarmingly low levels. In addition, bad news about high-profile projects continues to dominate the headlines – in both the public and private sectors (Venkataraman & Pinto, 2008). A lot of this bad news comes from the PM (Project Manager) not being educated on all the tools at his/her disposal to be better prepared to prevent the project from failing. In order for anything to succeed, it must have a strong foundation and the foundation for project management to succeed the PM should start with a WBS (Work Breakdown Structure). The work breakdown structure is said to be (if not the most important) one of the most important tools a project manager should possess. The WBS provides the basic processes needed in order to start the project such as the development of the schedule, budgeting, cost control, resource distribution, earned value analysis (EVA), and a host of other aspects available to PM to ensure the project starts out on the right track. The WBS is a hierarchy diagram of all the project activities in ordered to give the PM a visual of what should be completed and at what time frame it should be completed in. An example of using a WBS correctly would be building a installing a playground set for a school. The first thing listed on the work breakdown structure would be the project’s name and because installing a playground can have so many......

Words: 1692 - Pages: 7

Free Essay

#### Pms? Do More!

...PMS? Do More! How was your first PMS experience? Was it heart-warming or traumatic? Did you have fun with it or wished it never happened? Are you ready to experience it? Let me tell you – my first experience was terrifying but because it happened I have to learn from it and I can only wish that my own daughter will never experience it. Fellow toastmasters and guests, good evening! Yes, my first PMS experience was traumatic and wet. Uhh, uhhh before your imagination jumps-off this building, let me clear your thoughts of what am I referring to as PMS. It’s my first experience of my dear Papa and Mama Squabble. I was still a little child, well, smaller and sexier than I am today, 6 years old to be exact, when I had witnessed them fought. I was right in front of them, when my mama gripped a bolo, used it to draw a line on the floor and furiously said to my father, “Don’t you dare cross this line or else I’ll kill you!”. Then, a deafening silence enveloped our home. I got so scared that I didn’t notice I wet my pants already. That was worst! We all know that getting into it with our spouse or partner is inevitable, and when you have kids, there’s a strong chance they’ll witness the arguing. So, what do we do? Dr. Judith Sherven, a psychologist and an expert in conflict resolution, author of the book Discovering the Magic at the Heart of your Differences, said that it’s wise and understandable that parents worry about fighting in front of their children, yet......

Words: 760 - Pages: 4

#### Pm Project

...activity List 4. PLM calls PD, CM’s, MEP coordinator and related personnel on a series of meetings for confirmation of activity list 5. PLM prepares the draft of partial network diagram a. b. c. d. e. Page 16 of 61 Project Management ENGG 951 Final Project a. b. c. d. e. f. g. 6. PLM calls PD, CM’s... etc. for series of meetings for confirmation of partial network diagram. 7. Resources are estimated for each Activity 8. CM and MEP coordinator confirm the duration of each activity on the diagram based on the realistic productivity of the labor and the crew size 9. PLM reviews the required resources and duration of activities prepared by the CM’s and MEP coordinator 10. PLM reports the results of review to the project manager(PM) and PD and get the confirmation 11. PLM input those data into the primavera software 12. PLM generates the following reports and plots: Project S-curve Critical path Summarized report by item Summarized report by sub-contractor Required manpower report Required material report Cash flow forecasting report 13. Series of meeting between all related personnel is conducted to finalize the project baseline schedule 14. PLM submits the baseline schedule to the PD for approval Page 17 of 61 Project Management ENGG 951 Final Project 5. Quality Management Plan: This Quality Management Plan establishes basic requirements for the quality management system which is applicable to Commodore Contracting Company. The scope of The Company......

Words: 9927 - Pages: 40

Free Essay

#### Pm and Cabinet

...HoC but failed to win overall majority * Labour negotiated a coalition with LibDems and later the LibDems negotiated with both main parties for a coalition * Labour and LibDem did not make an overall majority * Gordon Brown later resigned and advised the Queen to ask Cameron to form a government either as a minority or in coalition with LibDems. * Cameron accepted and formed coalition with LibDem ‘The Government’ 25 members are members of the HoL and 90 are MPs. MPs that are from the party that is in government ate not members of government! They are known as backbenchers and the members of government are known as frontbenchers. All members of government are appointed by the PM. The cabinet (22-23 members) meet regularly. Ministerial selection The PM must weigh up the qualities of individuals against the political consequences of appointing them. Qualities that ideal ministers should possess: * Must be politically reliable * Must have potential * Should share their views * Managerial skills needed Under coalition * How many cabinet posts do they have each? * Must discuss whom to elect together Other forms of government * Minority government – party forms a government without a parliamentary majority. Can never rely on getting legislation/financial budgets passed. It must therefore try to build a coalition of support from other parties. Therefore minority governments cannot attempt to do anything radical. ...

Words: 3396 - Pages: 14

Free Essay

#### Pm 598 Final Exam Keller

Words: 536 - Pages: 3

#### Pms System of Mahindra

...Performance Management System Assignment – PMS System of Indian industry.. (Mahindra & Mahindra) MASTER OF BUSINESS ADMINISTRATION Performance management system  Performance management is a much broader and a complicated function of HR, as it encompasses activities such as joint goal setting, continuous progress review and frequent communication, feedback and coaching for improved performance, implementation of employee development programmes and rewarding achievements. Performance management system includes the following actions. * Developing clear job descriptions and employee performance plans which includes the key result areas (KRA') and performance indicators. * Selection of right set of people by implementing an appropriate selection process. * Negotiating requirements and performance standards for measuring the outcome and overall productivity against the predefined benchmarks. * Providing continuous coaching and feedback during the period of delivery of performance. * Identifying the training and development needs by measuring the outcomes achieved against the set standards and implementing effective development programs for improvement. * Holding quarterly performance development discussions and evaluating employee performance on the basis of performance plans. * Designing effective compensation and reward systems for recognizing those employees who excel in their jobs by achieving the set standards in......

Words: 2077 - Pages: 9