Subject Code : ACC502
Assessment Task:
ACC502 - Walker Construction Accounting Assessment Answer

Task:

1. George Hank, CEO of Walker Construction has an opportunity to bid on a contract that pays $5500 upon completion, but the contract calls for a late performance penalty of $140 per week for each week that the project is delayed beyond eight weeks (20 points total). Duration is in weeks.

A. Find the crash cost per week for each activity and record the results in the crash table in the Word file. What are the total normal costs for the project

B. Which activity would you recommend that Hank crash first, if any

C. What project duration will minimize project cost?

 D. What is the maximum profit that Walker can attain for this project?

 

2. The following project is to be scheduled using the expected times found using the approximation to the beta distribution. All duration estimates are in weeks (19 points total).

A. Find the early start and late start schedule for each activity as well as its total and free slack. List the values in the table in the Word template

B. What is the critical path duration? What is the variance for the critical path? What is the probability that the project will be completed in 24 weeks

C. Using evidence from this specific project, explain if the estimate found in (B) is optimistic, and why, or why not

 

3. The following product development project is scheduled to commence next month at MultiCare. The project activities, their resource requirements for team members, and precedence relationships are listed in the table below. Note that only one type of resource is used by each activity: team members. There are five team members assigned to this project. (20 points total)

A. What is the critical path duration for this project if the project is scheduled without resource constraints

B. Given a resource constraint of five team members and a schedule found using the minimum slack heuristic, which activity should be scheduled after activity A

C. What is the duration of a project found subject to resource constraints found using the minimum slack heuristic

D. List the set of critical activities in the resource-constrained schedule

 

4 You are currently managing a project with a planned two-year duration. The project is currently in its fourth month. The actual costs to date are $420,000. The planned expenditures to date were 470,000. Earned value is currently $400,000. Budget at Completion for the Project is $1,000,000. 

A. What are the values of the Cost Performance Index (CPI), and the Schedule Performance Index (SPI) for this project?

B. Based on these indices, provide an evaluation of the project’s current status.

C. Your program manager is concerned about your capability to complete the project within 10% of the targeted budget. Provide your evaluation as to whether you feel that your team is capable of doing so, based on past research on projects.

D. What is your optimistic estimate of what this project will cost when it is completed?

 

5. UW Hospital’s Director has charged the hospital’s information technology group with the development of a new database system to track equipment and supplies. The project manager has met with the team and developed a project charter, WBS, project network, and resource requirements. The project must begin on October 1, 2009, and must be completed by January 30, 2010. The project activities, precedence relationships and resource requirements are shown below. A key to the resource categories and the cost of each resource is listed in a table below the activity information.

You need to assume that their regular working schedule is 40 hours a week. And the weekends are not working days.

A. Using Microsoft Project, find the completion date for this project without considering the resource constraints, given the start date of October 1, 2009. The team will be off for holidays on November 26th and 27th, and 5:00 P.M., December 18th through 8:00 A.M., January 3rd. The team will work from 8 to 5 with 1 hour for lunch. Create a schedule using MS Project and paste it to the Word Template File

B. Find the total project resource costs, given the costs per hour given in the second table below. Include a task cost table from Project in the Word Template file

C. Determine what date the project will complete, given the resource constraints listed in the second table below. Paste a resource-constrained schedule found using MS Project in the Word Template file. Please be sure that the completion date is clearly listed on the schedule

 

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  • Uploaded By : Mitchell Lee
  • Posted on : November 16th, 2018

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