Categories
Information Technology

Earned value (ev) as of may 1 if the foundation work is only two-thirds complete.

Earned-value analysis. A project budget calls for the following expenditures:
Task
Date
Budgeted Amount
Build forms
April 1
$10,000
Pour foundation
April 1
$50,000
May 1
$100,000
Frame walls
May 1
$30,000
June 1
$30,000
Remaining tasks
July 1 and beyond
$500,000
Define each term in your own words, calculate these values for the above project, and show your work:
Budgeted cost baseline (make a graph illustrating this one)
Budget at completion (BAC)
Planned value (PV) as of May 1
Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
SV as of May 1.
Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
Schedule performance index (SPI)
Cost performance index (CPI)
Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
Estimate at completion (EAC)

Categories
Information Technology

You will pay bobby, your it guy, $35/hour.

Running Case – Chapter 7
You and your team are continuing your work on the Global Treps Project. Your project sponsor, Dr. K., has asked you to refine the existing cost estimate for the project so you can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in six months for under $120,000. You planned to use up to $60,000 total to pay yourself and your team members, and your initial estimates were $20,000 for travel expenses, $30,000 for hardware and software, and $10,000 for organizing four events, including consultants, legal/business fees, etc.
Tasks1.
Prepare and print a one-page cost model for the project, similar to the model provided in Figure 7-2. Use the following WBS, or the WBS you developed in Chapter 5, and be sure to document your assumptions in preparing the cost model. Assume a labor rate of $30/hour for yourself (the project manager) and team members (Kim, Ashok, and Alfreda). You will pay Bobby, your IT guy, $35/hour. The project will fund refreshments for the four shark tank events and prizes for the winners, at a cost of $1,000 for each event.
1.1
Project management
1.2
Hardware (3 laptops and Internet access for Kim, Ashok, and Alfreda)
1.3
Software
o 1.3.1
Outsourced
§ 1.3.1.1
Domain name and site hosting
§ 1.3.1.2
Donation acceptance feature of website
§ 1.3.1.3
Video creation for website
o 1.3.2
In-house Development
§ 1.3.2.1
Guidelines and templates for events
§ 1.3.2.2
Acceptance of ideas for needed new products or services
§ 1.3.2.3
Custom site for 20 events
o 1.3.3
Testing
1.4
Business Plan
o 1.4.1
Internal labor
o 1.4.2
Legal information/assistance
1.5
Travel
1.6
Events
o 1.6.1
Internal labor
o 1.6.2
Consultant labor
o 1.6.3
Refreshments
o 1.6.4
Prizes
Task 2.
Using the cost model you created in Task 1, prepare a cost baseline by allocating the costs by WBS for each month of the project. Do not simply divide each cost by six for each month, as some activities will be only be relevant for specific months of the project.
Task 3.
Assume that you have completed three months of the project. The BAC was $120,000 for this six-month project. You can also make the following assumptions:
PV=$60,000 EV=$50,000 AC=$45,000
a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
d. Use the SPI to estimate how long it will take to finish this project. Be clear in how many months you expect the project to now take to be completed.
Running Case – Chapter 8
Part 5: Project Quality Management
The Global Treps Project team is working hard to ensure they meet expectations, especially for the people who will be holding and participating in the four events. The team has a detailed scope statement, but you want to make sure you are not forgetting requirements that might affect how people view the quality of the project. You know that the project’s sponsor and other key stakeholders are most concerned with getting people to use the new website, having successful events, and helping promote entrepreneurship across the globe. You also know that various geographic and cultural
issues will need to be addressed.
Tasks1.
Develop a list of at least five quality standards or requirements related to meeting the stakeholder expectations described in the running case. Provide a brief description of each requirement. For example, two requirements related to the new website might be that users can read the content in several different languages and that users provide above-average ratings for the online video training.
Based on the list you created for Task 1, determine how you will measure progress on meeting the requirements. For example, you might have people take a survey after they view the online training videos to collect feedback. IMPORTANT: You quality measures must be relevant during the project, not after deployment and execution. So do not use requirements that are related to operational (post-project) activities.
You must use the template provided below in your submission. It is fine to keep the two examples as guidance in your submission, but these will not count towards your five required answers.
Quality Standard or requirement name
Description
Measurement Method
Acceptable Threshold
1
Support multiple languages
Content provided in at least five languages
Observation & Testing
Five languages confirmed for content
2
Online Video Effectiveness
Achieve positive ratings during UAT
Survey
Average at least 3 on overall experience (1-5 scale)
3
4
5
6
7

Categories
Information Technology

The contractor demonstrates he spent $623,000.

1.Cost reimbursable contract calculation.
A contract calls for a total payment of $800,000 with a guarantee. Essentially the contractor is guaranteed to make at least $200,000 above his costs. If the contractor can demonstrate his costs exceed $600,000, the project will pay the difference, with a $50,000 ceiling on the overage. The contractor demonstrates he spent $623,000. How much (gross) must the project remit to the contractor?
Another option for the same contract has the contractor guaranteed to be paid his costs plus 20%, for costs that exceed $600,000. With the same initial assumption—guarantee of $800,000 gross payment (no requirement to itemize costs), but if the contractor can show that costs exceed $600,000, the project will pay $800,000 plus the costs that exceed $600,000, plus 20% of those excess costs, with a ceiling of $900,000 gross. The contractor demonstrates he spent $623,000. How much (gross) must the project remit to the contractor?
Under option 1.b, at what dollar amount of total costs would the contractor be assuming all of the excess costs beyond that point?
In which option did the project assume more of the risk of a cost overrun? Explain.
2. Prepare a Pareto chart of the possible causes for a student to fail a final examination in a university course.

Categories
Information Technology

Insert a column by right clicking

Step 1: Update Project Libre with Resource InputsThe following steps should be followed when adding resource input in Project Libre.Set the resource input
Open Project Libre
Open your project .
Select Resources (Top tool bar)
Add your resources
Enter Resource Name
Enter Resource Type
Enter Rates
Enter Base Calendar
Enter the remaining resources using the same format as above.
Set your resource information
Select Resource
Select information
Enter Cost, Resource availability or additional information
Go back to task to add your resources
Go to task
Click on Gantt
Select the task
Select assign resourceAssign resources and unit percentages
Add remaining resources
Make sure to save your information
Step 2: Update Project Libre with Cost InputsThe following steps should be followed when setting up your Course Project with Project Libre.Set the cost input
Select a column
Insert a column by right clicking
Select cost
Click ok
Cost should be displayed from resource input
Insert new columnSelect total slack
Your total slack should be displayed
Insert new columnSelect Free slack
Your free slack should be displayed
Select FileClick Save Baseline
Select Baseline one
Select Entire project
Click ok
Go print preview
Adjust your scale
Or Fit to one page
Select Printer setting to PDF
Or save image in word and crop
Submit in the dropbox

Categories
Information Technology

Prizes

Running Case – Chapter 7
You and your team are continuing your work on the Global Treps Project. Your project sponsor, Dr. K., has asked you to refine the existing cost estimate for the project so you can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in six months for under $120,000. You planned to use up to $60,000 total to pay yourself and your team members, and your initial estimates were $20,000 for travel expenses, $30,000 for hardware and software, and $10,000 for organizing four events, including consultants, legal/business fees, etc.
Tasks1.
Prepare and print a one-page cost model for the project, similar to the model provided in Figure 7-2. Use the following WBS, or the WBS you developed in Chapter 5, and be sure to document your assumptions in preparing the cost model. Assume a labor rate of $30/hour for yourself (the project manager) and team members (Kim, Ashok, and Alfreda). You will pay Bobby, your IT guy, $35/hour. The project will fund refreshments for the four shark tank events and prizes for the winners, at a cost of $1,000 for each event.
1.1
Project management
1.2
Hardware (3 laptops and Internet access for Kim, Ashok, and Alfreda)
1.3
Software
o 1.3.1
Outsourced
§ 1.3.1.1
Domain name and site hosting
§ 1.3.1.2
Donation acceptance feature of website
§ 1.3.1.3
Video creation for website
o 1.3.2
In-house Development
§ 1.3.2.1
Guidelines and templates for events
§ 1.3.2.2
Acceptance of ideas for needed new products or services
§ 1.3.2.3
Custom site for 20 events
o 1.3.3
Testing
1.4
Business Plan
o 1.4.1
Internal labor
o 1.4.2
Legal information/assistance
1.5
Travel
1.6
Events
o 1.6.1
Internal labor
o 1.6.2
Consultant labor
o 1.6.3
Refreshments
o 1.6.4
Prizes
Task 2.
Using the cost model you created in Task 1, prepare a cost baseline by allocating the costs by WBS for each month of the project. Do not simply divide each cost by six for each month, as some activities will only be relevant for specific months of the project.
Task 3.
Assume that you have completed three months of the project. The BAC was $120,000 for this six-month project. You can also make the following assumptions:
PV=$60,000 EV=$50,000 AC=$45,000
a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
d. Use the SPI to estimate how long it will take to finish this project. Be clear in how many months you expect the project to now take to be completed.
Running Case – Chapter 8
Part 5: Project Quality Management
The Global Treps Project team is working hard to ensure they meet expectations, especially for the people who will be holding and participating in the four events. The team has a detailed scope statement, but you want to make sure you are not forgetting requirements that might affect how people view the quality of the project. You know that the project’s sponsor and other key stakeholders are most concerned with getting people to use the new website, having successful events, and helping promote entrepreneurship across the globe. You also know that various geographic and cultural
issues will need to be addressed.
Tasks1.
Develop a list of at least five quality standards or requirements related to meeting the stakeholder expectations described in the running case. Provide a brief description of each requirement. For example, two requirements related to the new website might be that users can read the content in several different languages and that users provide above-average ratings for the online video training.
Based on the list you created for Task 1, determine how you will measure progress on meeting the requirements. For example, you might have people take a survey after they view the online training videos to collect feedback. IMPORTANT: Your quality measures must be relevant during the project, not after deployment and execution. So do not use requirements that are related to operational (post-project) activities.
You must use the template provided below in your submission. It is fine to keep the two examples as guidance in your submission, but these will not count towards your five required answers.
Quality Standard or requirement name
Description
Measurement Method
Acceptable Threshold
1
Support multiple languages
Content provided in at least five languages
Observation & Testing
Five languages confirmed for content
2
Online Video Effectiveness
Achieve positive ratings during UAT
Survey
Average at least 3 on overall experience (1-5 scale)
3
4
5
6
7

Categories
Information Technology

Click on gantt

Step 1: Update Project Libre with Resource Inputs
The following steps should be followed when adding resource input in Project Libre.
Set the resource input
Open Project Libre
Open your project .
Select Resources (Top tool bar)
Add your resources
Enter Resource Name
Enter Resource Type
Enter Rates
Enter Base Calendar
Enter the remaining resources using the same format as above.
Set your resource information
Select Resource
Select information
Enter Cost, Resource availability or additional information
Go back to task to add your resources
Go to task
Click on Gantt
Select the task
Select assign resourceAssign resources and unit percentages
Add remaining resources
Make sure to save your information
Step 2: Update Project Libre with Cost Inputs
The following steps should be followed when setting up your Course Project with Project Libre.
Set the cost input
Select a column
Insert a column by right clicking
Select cost
Click ok
Cost should be displayed from resource input
Insert new columnSelect total slack
Your total slack should be displayed
Insert new columnSelect Free slack
Your free slack should be displayed
Select FileClick Save Baseline
Select Baseline one
Select Entire project
Click ok
Go print preview
Adjust your scale
Or Fit to one page
Select Printer setting to PDF
Or save image in word and crop
Submit in the dropbox

Categories
Information Technology

How would you choose the best of each?

Compare and contrast the differences between a hub, a switch, and a router. How would you choose the best of each?

Categories
Information Technology

Remaining tasks

Earned-value analysis. A project budget calls for the following expenditures:
Task
Date
Budgeted Amount
Build forms
April 1
$10,000
Pour foundation
April 1
$50,000
May 1
$100,000
Frame walls
May 1
$30,000
June 1
$30,000
Remaining tasks
July 1 and beyond
$500,000
Define each term in your own words, calculate these values for the above project, and show your work:
Budgeted cost baseline (make a graph illustrating this one)
Budget at completion (BAC)
Planned value (PV) as of May 1
Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
SV as of May 1.
Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
Schedule performance index (SPI)
Cost performance index (CPI)
Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
Estimate at completion (EAC)

Categories
Information Technology

The contractor demonstrates he spent $623,000.

1.Cost reimbursable contract calculation.
A contract calls for a total payment of $800,000 with a guarantee. Essentially the contractor is guaranteed to make at least $200,000 above his costs. If the contractor can demonstrate his costs exceed $600,000, the project will pay the difference, with a $50,000 ceiling on the overage. The contractor demonstrates he spent $623,000. How much (gross) must the project remit to the contractor?
Another option for the same contract has the contractor guaranteed to be paid his costs plus 20%, for costs that exceed $600,000. With the same initial assumption—guarantee of $800,000 gross payment (no requirement to itemize costs), but if the contractor can show that costs exceed $600,000, the project will pay $800,000 plus the costs that exceed $600,000, plus 20% of those excess costs, with a ceiling of $900,000 gross. The contractor demonstrates he spent $623,000. How much (gross) must the project remit to the contractor?
Under option 1.b, at what dollar amount of total costs would the contractor be assuming all of the excess costs beyond that point?
In which option did the project assume more of the risk of a cost overrun? Explain.
2. Prepare a Pareto chart of the possible causes for a student to fail a final examination in a university course.

Categories
Information Technology

Initial postings: read and reflect on the assigned readings for the week.

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.
Also, provide a graduate-level response to each of the following questions:
In addition to cost, what factors should be considered in selecting a building contractor? What can go wrong if the lowest bid is selected and nothing else is considered?
What is the difference between an RFP and an RFQ? Give two specific examples where an RFQ could be used and two specific examples where it is more likely that the organization will go with an RFP. (Use examples NOT from your textbook.)