BBA222 Project Management Final Exam

BBA222 Project Management Final Exam
Task:

  • The following assignment is and individual task.
  • Questions and tasks:
    • Question 1: Project Strategy
      1. Which 3 of the 10 knowledge areas of Project Management you need to focus in? Explain why.
      2. Define 3 project objectives with at least 1 Critical Success Factor for each one.
    • Question 2: Time Management
      1. Build the Gantt Chart including all tasks and milestones.
      2. What is the total duration of the project? (in weeks)
      3. Indicate the critical path in red.
    • Question 3. Cost Management
      1. Build the Project Total Budget considering all its components: Project Direct Cost, Contingency Margin, Project Cost Base Line and Management Margin.
      2. Considering a Profit Margin of 50%, what is the Project Sale Price?
  • Contextual information
    • Question 1. Part of the Project Strategy is knowing what Project Management knowledge areas are the most important for a particular project. Also, the goal, objectives and Critical Success Factors are an essential part of the Project Strategy.
    • Question 2. A client hires your company “CONSTRUPLUS” to build his new beach house. As the Project Manager you have identified the main activities, their dependencies and their duration. Now you must develop a schedule using the Gantt Chart tool.
    • Question 3. A client has been negotiating with your company about the development of the “STARDUST” project. After identifying the main activities, the resources needed to perform them and their cost, you need to build the Project Budget as part of the planning phase.
  • You must submit a formal document in pdf format. The structure of the document should be as follows:
    • Page 1: Cover Page
    • Page 2: Table of Contents
    • Page 3: Question 1
    • Page 4: Question 2
    • Page 5: Question 3
    • Page 6: Bibliography
    • Page 7: Appendices (if necessary)
  • All calculations and diagrams needed to answer Questions 2 and 3 need to be presented. An Excel document can be used for Question 3 and must be included as an Appendix.

Formalities:

  • Wordcount: 1250-1500
  • Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
  • Font: Arial 12,5 pts.
  • Text alignment: Justified.
  • The in-text References and the Bibliography must be in Harvard’s citation style.

Submission: week 13 – Deadline for submission is Sunday, May 9th at 23:59 CEST. – Via Moodle (Turnitin)
Weight: This task is a 30% of your total grade for this subject.
It assesses the following learning outcomes:

  • Outcome 1: Describe the need for a project- based approach inside organizations.
  • Outcome 4: Evaluate how to select, develop, plan, schedule and measure its outcomes and risks.
QUESTION 1. PROJECT STRATEGY
Defining the Project Strategy is one of the most important tasks during the Initiation phase of the Project Life Cycle. 2 years ago, you and one of your friends (a Computer Engineer) decided to start an App Development Business. On April 30th, 2021 you won a bid from the Barcelona City Council to develop an App for iOS and Android about Tourism in the city.
The money from the bid (100.000 €) covers all your project costs and you will have a 50% profit margin which is much more that the average in previous projects. You will have to hire at least 4 programmers and 1 IT Director. Now your team has only 4 workers.
The requirements from the client are very specific but the City Councill do not mind giving up some features and including them in the following versions.
Your start-up has never developed a project based on tourism, so the level of uncertainty is very high. Also, the deadline is very tight, the app must be launched before this summer (July 1st, 2021)
Considering that information:

  1. Which 3 of the 10 knowledge areas of Project Management you need to focus in? Explain why.
  2. Define 3 project objectives with at least 1 Critical Success Factor for each one.

,

QUESTION 2. TIME MANAGEMENT
Mr. Pearson wants to build his new beach house and he hires “CONSTRUPLUS” to manage the project. You as the Project Manager have identified the following activities (tasks) and the dependencies between them. Also, you have estimated their duration in weeks.
To improve control of the project, 3 milestones (duration = 0) have been identified.

# Task Predecessors Duration
(weeks)
1 Kick-off meeting 0
2 Site visit / File review / Data collection 1FS 1
3 Concept design 2SS 2
4 Basic and executive design 3FS 4
5 Excavation 4FS 2
6 Concrete structure (beams and columns) 5SS+1 3
7 Concrete structure (roof and floors) 6FS 3
8 Structure Quality Control 7FS 0
9 Enclosures and facade 7FS-1 4
10 Interior walls and partitions 9FS-1 3
11 Installations (electrical, sanitary, drinking water, cable, wifi, etc.) 10SS 4
12 Paint and finishes 10SS+1 2
13 Interior design and furniture 12FS 2
14 Integration 11FF, 12FF, 13FF 1
15 Customer delivery 14FS 0

Considering that information:

  1. Build the Gantt Chart including all tasks and milestones.
  2. What is the total duration of the project? (in weeks)
  3. Indicate the critical path in red.
QUESTION 3. COST MANAGEMENT
The client of the STARDUST project has been negotiating with your company and wants to close an agreement that allows the development of a new software application. Most of the technical specifications are defined, as well as the main requirements and deliverables of the project. The client has been informed that the project will have a total duration of 5 months. The Project Manager has identified the following tasks and resources for each task:

ACTIVITY RESOURCES
Labour Effort (Hours) Materials & Equipment Units
  1. Software planning
Project Manager 50 Software license 1
HW Engineer 75    
SW Engineer 90    
SW Developer 100    
  1. Analysis of the current processes
Project Manager 30 Electronic equipment 2
SW Engineer 65    
SW Developer 150    
  1. Software design
Project Manager 40 Electronic equipment 3
SW Engineer 150    
SW Developer 200    
  1. Software development and implementation
Project Manager 29 Electronic equipment 4
HW Engineer 50    
SW Engineer 144    
SW Developer 200    
  1. Software testing and integration
QC Manager 60 Quality Tests 1
SW Engineer 30    

Consider the following costs to build the project budget:

Labour costs Cost of Materials & Equipment
Project Manager 80 €/hour Software license 3.000 €
HW Engineer 55 €/hour Electronic equipment 1.800 €
SW Engineer 45 €/hour Quality Tests 5.000 €
SW Developer 35 €/hour Other costs
Quality Control Manager 50 €/hour Overhead costs 6.940 €/month

During the risk analysis, the Project Team has identified the following risks:

# Risk Probability Corrective Actions
1 User Experience is below expected 25% 3.000 €
2 Incompatibility between the current software and the new application 10 % 30.000 €
3 Technical issues during the development phase 30 % 6.000 €

Also, the Project Manager has proposed an extra 3,4085% to cover all the unknown risks.
Considering the previous information, solve the following:

  1. Build the Project Total Budget considering all its components: Project Direct Cost, Contingency Margin, Project Cost Base Line and Management Margin.
  2. Considering a Profit Margin of 50%, what is the Project Sale Price?

Rubrics

Exceptional 90-100 Good 80-89 Fair 70-79 Marginal fail 60-69
Knowledge & Understanding (20%) Student demonstrates excellent understanding of key concepts regarding project strategy, time management and cost management, using vocabulary in an entirely appropriate manner. Student demonstrates good understanding of the task and mentions some relevant concepts regarding project strategy, time management and cost management and demonstrates use of the relevant vocabulary. Student understands the task and provides minimum theory regarding project strategy, time management and cost management and/or some use of vocabulary. Student understands the task and attempts to answer the question but does not mention key concepts regarding project strategy, time management and cost management or uses minimum amount of relevant vocabulary.
Application (40%)
Q1: 10%
Q2: 15%
Q3: 15%
Student applies fully relevant knowledge from the topics delivered in class. Student applies mostly relevant knowledge from the topics delivered in class. Student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident. Student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.
Critical Thinking (20%) Student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors. Student critically assesses in good ways, drawing conclusions from relevant authors and references. Student provides some insights but stays on the surface of the topic. References may not be relevant. Student makes little or noncritical thinking insights, does not quote appropriate authors, and does not provide valid sources.
Communication (20%) Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheck Student communicates their ideas clearly and concisely, respecting word count, grammar and spellcheck Student communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident. Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident.