Engineering Management

Quiz No. 4

Topics: Monitoring and Control, Scheduling, Budgeting and Cost Estimates

Instructions: Read carefully

1. Attempt the quiz on a page with blue pen
2. Scan the page and convert into pdf
3. Email pdf at sr_mulkana@hotmail.com
4. You have 25 min to attempt the quiz and an additional 10 minutes to convert
the file and email.
5. The title of the email and the pdf document should as follows:
YourName_EM_QuizNo4
6. Submissions with incorrect title will not be accepted
7. Deadline for quiz submission is 11:40, Wednesday, 1st July 2020
8. No submissions will be accepted after the deadline (in case of any technical
issues instructor is to be contacted immediately and before the deadline)
9. Only pdf files will be accepted for marking, any other format will not be
accepted
Question No. 1
While performing variance analysis for your project, you refer to your status reports which show
the following information:
Planned value = $ 100,000
Actual cost = $ 125,000
Earned value = $ 90,000

In this context, all the following statements are true EXCEPT:

1. Schedule variance is - $ 10,000 and you are behind schedule
2. Cost variance is - $ 35,000 and you are over-budget
3. CPI is 0.5 and you are over-budget
4. SPI is 0.9 and you are behind schedule

Show your working. No marks for only correct answer without correct working. (10 marks)

Question No. 2
You are the project manager for a construction company tasked with constructing an
office building. The office building will be 10 stories high and will have 200,000 sq ft of
working area. Your company has expertise in constructing similar buildings. You are asked to
submit a high level estimate for the building within 4 days. Which of the following is the most
appropriate?

1. Parametric estimating: Work with a construction engineer who has expertise in similar
buildings, find out the rate per sq ft of construction and multiply with the total sq feet of
the building to get an estimate.

2. Bottom up estimating: Ask the individual project team members to create a WBS and
determine the costs of activities - use that as a basis for calculating the estimate for the
whole building.

3. Vendor bid analysis: Submit a bid to some companies and use their estimates as a basis
for getting an estimate for your project.

4. Let your sponsor know that it would not be possible to get any reasonable estimate within
such a short time period.

(5marks)
Question No. 3

Show your working. No marks for only correct answer without correct working. (10 marks)

Question No. 4

As a project manager how will you execute monitoring and control activities for your project?

(20 marks)