final ecm527-april

8/12/2019 final ecm527-april

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CONFIDENTIAL 2 EC/APR 2010/ECM527

QUESTION 1a) List the characteristics of a project.

b) Briefly describe the services provided by the Project Ma nagem ent Institute.(5 marks)

(10 marks)c) Acco rding to Arc hibald (1992), checklists are useful at all stages of a project includingduring project closure. Discuss at least FIVE (5) benefits of a check list for projectclosure. (10 marks)

QUESTION 2a) Draw an activity netwo rk using precede nce diagram to represent the project of digginga well using the information provided in Table Q2-1. The precedence relationships areall direct finish-to-start relationships with no lag except for the following: Activity A to B : SS lag 3 Activity B to C : FF (2 marks)

ACTIVITYIDENTIFIERABCDEFGH

ACTIVITYClear siteObtain materialsObtain pumpPrepare apronDig wellInstall pumpTrain maintainersRun trials

PREDECESSORS---

A,BDC,ECF,G

DURATIONDAYS )12425122

Table Q2-1

SUN5121926

MON6132027

September 201TUES7142128

WED18152229

0 THURS29162330

FRI310172431

SAT4111825

Table Q2-2

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Assum e the project will start on 1 September 2010, based on the calendar provided inTable Q2-2.Mondays to Saturdays will be working days, while Sunday will be considered asnon working day. Public holidays will remain as working days. Based on the giveninformation, answer the following que stions:i) Gen erate the values for the earliest and latest start dates: and earliest and latest finishdates for each activity. (16 marks)ii) Calculate the Free Float values for activity A and B. (4 marks)iii) Differentiate Tota l Float and Free Float. (3 marks)

QUESTION 3a) Prepare the questions that should be asked by you , as a Project Manager, to theclient and key stakeholders during the Project Definition phase in a project. (14 marks)b) A road cons truction project is reported as date to be having the progress as follows:

Planned Value (PV) = RM 150, 000Earned Value (EV) = RM 170, 000Actual Cost (AC) = RM 190, 000Budget at Com pletion (BAC) = RM 500, 000Prepare an Earned Value Analysis for the project based on the information givenabove. (11 marks)

QUESTION 4a) List out the midd le manage r's respon sibilities.

(5 marks)b) Osman is considering investing some money that he inherited. The following payoffTable Q4-1 gives the profits that would be realized during the next year for each ofthree investment alternatives O sman is considering :

DECISIONALTERNATIVEStock marketBondsDo nothing

STATE OF NATUREGOOD ECONOMYRM 80,000.00RM 30,000.00RM 23,000.00

POOR ECONOMYRM -20,000.00RM 20,000.00RM 23,000.00Table Q4-1

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i) The Maximax criterion. (5 marks)ii) The Max imin criterion. (5 marks)

c) Com pare the alternatives of excavating machine shown below on the basis of PresentWorth (PW ) analysis. The cost and benefits of the alternatives are as shown inTable Q4-2. Calculations can be done using the Table of Interest Factors for DiscreteCompo unding of 12 , as given inTable Q4-3. (10 marks)

First Cost ( RM )Monthly op erating cost ( RM )Salvage value ( RM )Li fe (years)

Machine Y70,000.001 200.007,000.003

Machine Z90,000.00900.0010,000.003Table Q4-2

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5 EC/APRSingle Paym ent Equ al Paym ent Ser ies Gra dien t Scr ies

N12345

ComparandAmountFactorFSPJJi)

1 12001 25441 40491 57351.762 J

Presentorth

Factorf/VRWI0.89290.79720.71180 63550.5674

C o m p o u n dAmountFactorF/Ajji)

1 00002.12003 37444.77936 3528

SinkingF u n d

Factorwww1 00000.47170 29630.20920.1574

PresentWor thFactorP/A,iN)0.89291 69012.40183 03733 6048

Capi talRecovery

FactorAWJi)1 12000.59170 41630.32920.2774

GradientUniform

Series

0.00000.47170.92461 35891 7746

GradientPresentWorthmttiv)0.00000.79722.22084.12736 3970

JV1

T345

6789

10

1.97382.21072.47602.77313.1058

0.50660.45230.40390.36060.3220

8.1152IO.O89012.299714.775717.5487

0.12320.09910.08130.06770.0570

4.11144.56384.96765.32825.6502

0.24320.21910.20130.18770.1770

2 .17202.55152.91313.25743.5847

8.930211.644314.471417.356320.2541

6789

101112131415

3 47853 89604.36354.88715 4736

0 28750.25670.22920.20460.1827

20.654624.133128.029132.392637.2797

0.04840.04140.03570.03090.0268

5 93776 19446 42356 62826 8109

0.16840.16140.15570.15090.1468

3 89534.18974.46834.73174.9803

23.128825.952328.702431.362433.92021

II12131415

1617181920

6.13046.86607.69008.61289.6463

0.16310.14560.13000.11610.1037

42.753348.883755.749763.439772.0524

0.0234O.02O50.01790.01580.0139

6 97407 11967 24977 36587 4694

0.14340 14050.13790.13580.1339

5 21475 43535 64275 83756 0202

36.367038.697340.908042.997944.9676

1617SI1920

2122232425

10.803812.100313.552315.178617.0001

0.09260.08260.07380.06590.0588

81.698792.5026104.6029118.1552133.3339

0.01220.01080.00960 00850 0075

7 56207 64467 71847 78437 8431

0.13220.13080.12960 12850 1275

6 19136 35146 50106 64066 7708

46.818848.554350.177651.692953.1046

2122232425

2627282930

19.040121.324923.883926.749929.9599

0 05250.04690.O4190.03740.0334

150.3339169.3740190.6989214.5828241.3327

0.00670.00590.00520.00470 0041

7 89577 94267 98448 02188 0552

0.12670.12590.12520.12470 1241

6 89217 00497 10987 20717 2974

54.417755.636956.767457,814158.7821

2627282930

3132333435

33.555137.581742.091547.142552.7996

0.02980.02660.02380.02120.0189

271 .2926304.8477342.4294384.5210431 .6635

0.00370.00330.00290.00260.0023

8.08508.11168.13548.15668.1755

0.12370.12330.12290.12260.1223

7.38117.45867.53027.59657.6577

59.676160.501061.261261.961262.6052

3132333435

4 045505560

93.05IO163.9876289.0022509.3206897.5969

0.01070 00610 00350.00200 0011

767.09141358.23002400.01824236.00507471.6411

0 00130.00070.00040.00020 0001

8 24388 28258 30458 31708 3240

0 12130.12070.12040.12020 1201

7 89888 05728 15978 22518 2664

65.115966.734267.762468.408268.8100

4045505560

Table Q4-3 Interest Factors for Discrete Co m pu nd ing of 12

END OF QUESTION PAPER Hak Cipta Universit i Teknologi MARA C O N FI D E N TI A L

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final ecm527-april