Engineering optimization and Technology (5)

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Engineering optimization and Technology introduction

Engineering optimization and Technology: You should support your answers with evidence from acknowledged academic sources.  Personal experiences can also be used to illustrate the application of a topic/theory, but the learners should still provide evidence from acknowledged sources to support their answers. The training sessions and activities conducted during lectures are not the only sources of information.  You are encouraged to draw on as many appropriate sources as you can.  The more you engage with the literature of the topic, the better the likelihood of achieving a higher grade/ award.

Task 1 – (20 marks)

This task requires the learners to apply Earned Value Management (EVM) as the integrated management control tool to evaluate the software development project given below: –

Scenario: John is managing a software development project. The project estimates include a total of 100 hours of development time. There are five separate tasks that will take 20 hours each. Each task has 4 subtasks that take 5 hours to complete. John hires five programmers. Each will each have twenty percent of the work that can be completed concurrently. Each programmer will charge $100 per hour. Total budget for the project is $10,000. Based on the distribution of work, it is determined that the project can be completed within one week. At the end of the week, the programmers turn in time sheets. A total of 90 hours is reported.

Based on this information, John quickly assumes the project is 90% complete. John realizes that the project will not be completed on time. John’s status report claims that the project is within budget but not on time. The project has 5 tasks, 20 hours

each, total 100 hours. The programmers were given 1 week to complete their tasks. Timesheets show 90 hours of work. John calls each programmer and gathers the following information:

Without going any further John can see the project has encountered a serious problem. Collectively, the programmers show 90 hours of work. However, no one programmer can make the claim that they have completed 90% of their assigned task (and final deliverable). John scratches his head and is dumbfounded when it comes to understanding what has happened and what to do next. So he requires the help of learners to Analyse what has happened. 

Given all this information, Learners are required to help John to analyse the entire project with the use of Earned Value Management (EVM) tool by answering the questions given below: –

1.     Define the concept of Earned Value Management. Define all the relevant calculations used to evaluate and control projects (5 marks)

2.     Calculate the Planned Value, Actual Cost and Earned Value for the project. Your answers should clearly indicate the relevant formulae and calculation steps (5 marks)

3.     Calculate all Variances and Performance indices for the Project. Your answers should clearly indicate the relevant formulae and calculation steps (5 marks)

4.     Summarize all your findings and calculations to update the status of the project and provide a graphical representation for the status of the project with Cost against time. (5 marks)