TIM-500_Midterm

TIM-500_Midterm - C I J N AD KO BEF M H GL I have neither...

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M F E B L O K G D A N J I H C “I have neither received nor given unsanctioned help in the completion of this assignment. I have not copied the ideas or work of others nor have I misrepresented myself or my work”, Joseph Murphy. Early Start Late Start Early Finish Late Finish A 0 0 2 2 B 2 3 5 6 C 2 2 6 6 D 5 6 12 13 E 12 14 14 16 F 14 16 17 19 G 12 12 16 16 H 12 13 15 16 I 15 16 17 18 J 17 18 18 19 K 16 19 19 22 L 19 22 24 27 M 24 27 28 31 N 24 25 27 28 O 27 31 29 33 Time in Months
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Critical path for this is ACDHIJKLMO , taking 33 months to finish the project. 1. BAC = initial budget = $10 million . EV = earned value to date = $6.5 million . AC = actual cost = $13.1 million . Cost Variance = EV-AC = -$6.6 million . Schedule Variance = EV-PV = -$3.5 million . SPI = EV/PV = 0.65, It will take 1.5 years to complete this project. CPI = EV/AC = 0.49, It will cost $20.4 million.
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2. The systems approach is, “A holistic and analytical approach to solving complex problems that includes using a systems philosophy, system analysis, and systems management” (Schwalbe, 2009). It is a way of finding solutions to problems through a systematic approach. It is potentially useful to project mangers because
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TIM-500_Midterm - C I J N AD KO BEF M H GL I have neither...

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