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Individual Assignment

The document describes an individual assignment with two questions. Question 1 involves calculating project status values like planned value, earned value, actual cost, etc. for a fence building project. Question 2 asks the reader to calculate and compare taking a $10,000 loan that is paid back at $3,000/year over 5 years versus paying $15,000 at the end of 5 years, both with a 10% interest rate.

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Prachi Yadav
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164 views2 pages

Individual Assignment

The document describes an individual assignment with two questions. Question 1 involves calculating project status values like planned value, earned value, actual cost, etc. for a fence building project. Question 2 asks the reader to calculate and compare taking a $10,000 loan that is paid back at $3,000/year over 5 years versus paying $15,000 at the end of 5 years, both with a 10% interest rate.

Uploaded by

Prachi Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Individual Assignment

QUESTION 1
You have a project to build a new fence. The fence is four sided as shown below. Each
side is to take one day to build and is budgeted for $1,000 per side. The sides are
planned to be completed one after the other. Today is the end of day three. (Assume
that the sides have a FINISH-TO-FINISH relationship)

Using the project status chart below, fill in the blanks in the chart (Use “PV” as an
example) – All calculations to be done to 3 decimal places.

Activity Day 1 Day 2 Day 3 Day 4 Status End of Day 3

Side 1 S F Complete, spent


$1,000
Side 2 S ----F PF Complete, spent
$900
Side 3 S---- PS PF 50% done, spent
$1000
Side 4 S----- PS PF 75% done,
spent $400

Key:
• S = Actual Start
• F = Actual Finish
• PS = Planned Start
• PF = Planned Finish

PMPG 5013 Project Cost Management 1


What Is: Calculation Answer Interpretation of the Answer
PV 1000 + 10000 + 10000 3000 We should have done $3000
worth of work
EV
AC
BAC
CV
CPI
SV
SPI
EAC
ETC
VAC

QUESTION 2

You need a loan in the amount of $10,000 with a repayment period of 5 years. You did
some market research, and it seems that you have two options as follows:
• Pay $3,000 per year at BMO or
• Pay 15,000 at the end of the 5-year period at CIBC.
What option is better. The interest/discount rate is 10% at both banks.

Marking Scheme for Question #2


Calculations shown for both options: 2% (2% x 2 = 4%)
Explanation of answer: 1%

Total Marks for Question #2: 5%

PMPG 5013 Project Cost Management 2

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