BPM305 Tutor-Marked Assignment Two: Project Scheduling, Cost Optimization, and Control
University | Singapore University of Social Science (SUSS) |
Subject | Project Scheduling and Control |
TUTOR-MARKED ASSIGNMENT TWO (TMA02)
This assignment is worth 14% of the final mark for BPM305 Project Scheduling and Control.
The cut-off date for this assignment is 26 March 2025, 2355 hrs.
Note to Students:
You are to include the following particulars in your submission: Course Code, Title of the TMA, SUSS PI No., Your Name, and Submission Date.
Question 1
Determine the normal, least cost, and crash durations for the following project. Calculate the cost associated with each duration and optimum cost/time for the given project network below.
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Time units are in weeks
If the indirect costs for each duration are $1,200 for baseline duration and $1,130 for 15 weeks, $1,000 for 14 weeks, $900 for 13 weeks, $860 for 12 weeks, $820 for 11 weeks, and $790 for 10 weeks, tabulate the Total Costs by duration.
For each cycle, identify which activities were crashed, the adjusted total cost, and explain your choice if you must choose between activities that cost the same.
Compute for 6-7 cycles till you cannot crash anymore. For each cycle, indicate clearly
(a) Which activities were crashed and the adjusted total cost. (22 marks)
(b) Explain your choice if you must choose between activities that cost the same. (21 marks)
(c) Tabulate the project duration alongside the direct cost, indirect cost, and total cost and illustrate these values on a cost-time graph. Compute the optimal cost-time schedule for the project and the associated cost. (17 marks)
Question 2
Demonstrate understanding of Project Control.
Peach manufactures high tech devices for public. Currently, the executive team is developing a new version of their smartphone. As with all their products, they intend to design the smartphone to meet current trends and manufacture the device in-house to maintain quality standards. Estimates have been made for the development process to bring the project to the
manufacturing stage. The company aims to meet the product specifications, prioritize adherence to the project timeline, and is prepared to incur additional costs to achieve a tighter schedule.
Use the information provided in Table Q2 and demonstrate your competency in using Microsoft project Software by:
(a) Organise the tasks in Table Q2 and create a project schedule. Assume the project will begin on 1st October 2023. Use a standard workweek for the schedule and determine the project’s completion date. (10 marks)
(b) Find the completion date by including only recognised Singapore holidays.
(15 marks)
(c) Find the project cash flow and represent it as a monthly bar chart and S-Curve (15 marks)
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