1) The project manager is informed that a year-long $500K project is halfway through its budget and has a CPI of 1.16 and SPI of 0.82. Using EVM formulas, the project is predicted to finish on 7/26/2016, around 2 months late, and $69K under budget. A meeting will be held with stakeholders to get the project back on track. 2) Five steps are outlined to maximize success on a new assigned project: examine task timing, compare to schedule, ensure resources, inform manager if unlikely to finish on time, and accept reassignment if needed. 3) For an in-progress project with mixed performer reports, the manager will hold review

1. Final Exam
By
1) You have a manager who informs you that the year long
project (linear spend plan) they are executing currently (use
today’s date) has spent half their budget of $500K, and they

2. show a CPI of 1.16 and an SPI of 0.82. What is your prediction
for the project? (On what date will this project finish and what
is your ETC?) Why do you believe this to be true? What do you
intend to do with the project team tomorrow?
Prediction for the project can be calculated by the following
equations:
CPI = EV (earned value) / AC (Actual Cost)
1.16= EV/ $250,000
Therefore, the Earned Value (EV) = $290,000
----------------------------------------------------------
SPI= Earned Value (EV) / Planned Value (PV)
0.82= $290,000/ PV
Therefore, The planned value (PV) =$353,658
----------------------------------------------------------
We can expected the total project cost by using the following
formula:
Estimate at completion (EAC) = Budget at completion (BAC)/
CPI
EAC= $500,000/1.16
EAC= $431,034.48
---------------------------------------------------------------------------
---------
Calculating the variance at completion (VAC) to determine how
much the project over and under the budget
VAC= BAC-EAC
$500,000 - $431,034.48 = $68,965
Therefore we expect the project to be about $69K under budget.
---------------------------------------------------------------------------
-------
Estimate to complete (ETC) how much more will it cost to
finish this project.
ETC= EAC-AC
ETC= $446,428.5-$250,000 = $181,034
---------------------------------------------------------------------------

3. ----------
Determine the project is under or over budget.
Cost of Variance (CV) = EV- AC
CV= $290,000-$250,000 = $40,000
Therefore, the project is under budget by $40,000
-----------------------------------------------------------------
The schedule variance (SV) = EV- PV
$290,000-$353,658 = -63,658
---------------------------------------------------------------------------
------------
The total duration to complete this project 5/10/2015 = Baseline
duration / SPI
12 month /0.82 = 14.6 months
Approximately 2 month and 16 days behind schedule
Therefore, from today’s date 5/10/2015 the project will be
completed on 7/26/2016
-I strongly believe it is correct because CPI plays fundamental
role in measuring the efficiency of the project. If the CPI of a
project is one, this means that the actual project costs have not
exceeded the budget costs. On the other hand, if the SPI less
than one indicates the project is behind schedule. Earned value
analysis (EVM) is a valuable technique because it provides
important forecasting information that is going to help project
managers control the project in terms of cost and schedule in
order to meet the project goals and deadlines.
-I intend to bring back the project on the track, when the project
behind the schedule I need to hold a meeting with all the
stakeholder of the project to determine the possible causes of
this delay. When a meeting is held, various consultations are
made to bring into line and track the lost timeline of the project.
Stakeholders are also informed on the time that the project is
intended to be complete and advised on the strategies to achieve
the project’s goals within the targeted time.

4. 2) You have been assigned a new project within your firm. You
have been given the following schedule, which was prepared by
a manager not familiar with the project details. (You can
assume the task descriptions are correct) What steps do you
intend to follow to maximize your chances of project success?
First, I am going to examine each task, and estimate the timing
required for each task. Then, I will compare it with the time that
the manager provided. Next, I will ensure the availability of
sufficient resources required in carrying out of the project tasks
without difficulties within the time frame. If the project is
affected and will not be completed on the time assigned, I will
inform the manager that the project wills not complete in due
time. This is accompanied by a clear outline of the reasons as to
why the completion of project in not likely to be achieved
within the schedule time. If the manager feels that there is
possibility of accomplishing the project tasks within the
schedule time frame on my plan or assign the project to another
resource that can get the work done in twenty-six days.
3) You are the Project Manager of a typical project within your
company. You have five indirect reports working on this
project, all from different departments of the organization.

5. Three of these reports are providing exceptional results, but two
members of the group are not producing. Overall your project is
still on schedule and budget, thanks to your best people. What
do you intend to do about this situation?
In this case, there is need to hold frequent reviews meeting
where the members informed on the project status. Also, I will
review the forecast of the project completion and remind the
team about the goals and the project objectives. For members
who are not performing as well as expected to see if they are
facing various shortages or other problems that in my capacity
to control or he/ she should make predominant efforts to align
these employees with set organizational goal and objectives.
4) You have read the article entitled Macgregor, and would like
to implement the managerial system proposed in the
publication. Explain how you will implement the technique in a
manufacturing facility similar to his, noting time to implement,
personnel requirements and productivity of the plant during the
transition.
Macgregor’s managerial system has had impact on management.
His style was when work aligned with human needs and
motivation employee productivity would increase.
My managerial implementation techniques would be:
-Treat staff as responsible and valued employees.
- Eliminate the number of levels of management, and delegate
the responsibility and decision to the staff.
- Extend the scope of employee's job.
- Consult employees for making decision.
- Provide a plan to develop strategies, conditions and methods
of operation so employees can reach their goals.
- Staff must consider themselves as interacting groups of people

6. with supportive relationships to each other.
- Provide enjoyable workplace environment.
-Make individual and Team Incentive plan.
I believe that Macgregor techniques are valuable because they
make people take ownership of their roles and also work harder
to come up with effective solutions to resolve any issues they
face or randomly come up.
5) For each of the project life-cycle phases, identify the three
things that in your judgment you must consider for that phase in
order to maximize your project success. (As an example, in the
planning phase you would likely focus on the Specification,
Schedule and Budget).
I learned in a lot of very great concepts in this class, and I
understand the project life-cycle phases that are basically very
important for each project. In my opinion, the most important
three things in each phase are:
In the initiation phase:
-We know the project needs
-Identify the stakeholders for the project.
-Organize how the project fits in the organization.
In the planning phase:
-Creating network diagram,
-Creating (WBS) the work breakdown structure.
-Risk analysis and make plan to mitigate risks.
In the execution phase:
-Identifying chaos in the project,
-Building the organizational structure.
-Building trust between the project team members are the most
significant components in this phase.
In the control phase:
-The cost control. SPI and CPI values are highly utilized in this
phase to evaluate the performance of the project.

7. -Managing conflict between personal also is very important
skill that improve the project's chance to success.
-Time management is the one of the core concept of the
controlling phase in the project.
In the closing phase:
- Announcing the project result.
- Telling the employees of the organization what the
organization has learned from this project,
- Making the project report a source of the organization's
employees who will involve in in project in the future to avoid
some mistake that could happen again.
Engineering Project Management
Final Exam
Please answer the following questions to the best of your
ability:
1) You have a manager who informs you that the year long
project (linear spend plan) they are executing currently (use
today’s date) has spent half their budget of $500K, and they
show a CPI of 1.16 and an SPI of 0.82. What is your prediction
for the project? (On what date will this project finish and what
is your ETC?) Why do you believe this to be true? What do you
intend to do with the project team tomorrow?
2) You have been assigned a new project within your firm. Your
supervisor has made it clear that the project must be completed
within 6 months, and must not exceed $300K in expense to the
firm, and you have been provided a very detailed description of
the project scope. What steps do you intend to follow to
maximize your chances of project success prior to beginning the
execution of the project?

8. 3) You are the Project Manager of a typical project within your
company. You have five indirect reports working on this
project, all from different departments of the organization.
Three of these reports are providing exceptional results, but two
members of the group are not producing. Overall your project is
still on schedule and budget, thanks to your best people. What
do you intend to do about this situation?
4) You have read the article entitled Macgregor, and would like
to implement the managerial system proposed in the
publication. Explain how you will implement the technique in a
manufacturing facility similar to his, noting time to implement,
personnel requirements and productivity of the plant during the
transition.
5) For each of the project life-cycle phases, identify the three
things that in your judgment you must consider for that phase in
order to maximize your project success. (As an example, in the
planning phase you would likely focus on the Budget as well as
other things).