Professional Documents
Culture Documents
Professor:
Dr. AMIN HAMMAD
ASSIGNMENT ONE
Students:
MARIA CATALINA MALPICA - ID: 6712045
MARIA ELIZABETH OSORIO ID: 7401256
FALL 2014
1 Questions Chapter 4
INSE -6230 Total Quality Project Management
1.1 Question 3
Use spreadsheet software to create Figures 4-4 through 4-7 in this text. Make
sure your formulas work correctly.
Figure
4.4
Discount
Rate 10%
Figure 4.5
Discount rate 8%
Assume the project is completed in Year 0
YEAR 0 YEAR 1 YEAR 2 YEAR 3 TOTAL
$ $ $ $
Cost 140,000 40,000 40,000 40,000
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INSE -6230 Total Quality Project Management
$ $ $
Benefits $ - 200,000 200,000 200,000
ROI 112%
PAYBACK IN YEAR
1
Figure 4.6
PAYBACK
600000
500000
400000
300000
$
200000
100000
0
0 1 2 3
YEAR
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INSE -6230 Total Quality Project Management
Figure 4.7
Project 4
Project 3
Project 2
Project 1
0 20 40 60 80 100
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INSE -6230 Total Quality Project Management
1.2 Question 4
Perform a financial analysis for a project using the format provided in figure
4-4. Assume the projected costs and benefits for this project are spread over
four years as follows: Estimated costs are $200,000 in year 1 and $30,000
each year in years 2, 3, and 4.
Estimated benefits are $ 0 in year 1 and $ 100,000 each year in years 2, 3,
and 4. Use a 9 percent discount rate, and round the discount factors to two
decimal places.
Create a spreadsheet or use the business case financials template provided
on the companion web site to calculate and clearly display the NPV, ROI, and
year in which payback occurs. In addition, write a paragraph explaining
whether you would recommend investing in this project, based on your
financial analysis.
Discount rate 9%
Assume the project is completed in Year 0
$ $ $ $
Benefits - 100,000 100,000 100,000
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INSE -6230 Total Quality Project Management
ROI -14%
During the first 4 years the payback does not occur. The return on
investment (ROI) is 14%, what means that the investor would lose his money.
The higher the ROI, the better, and it is recommended to have more than
100%, in order to have the money back. For those reason we do not
recommend investing in in this project.
1.3 Question 5
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INSE -6230 Total Quality Project Management
Final grades
Student 3
Student 2
Students
Student 1
0 10 20 30 40 50 60 70 80 90 100
Grades
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INSE -6230 Total Quality Project Management
2 Questions Chapter 5
2.1 Question 3
Create the same WBS described in Exercise 2 using Project 2010, indenting
categories appropriately. Use the outline numbering feature to display the
outline numbers manually. Notice that Project 2010 uses PMIs standard
numbering scheme but MindView does not. You may want to enter the
numbers to ensure that they appear as desired and are displayed in all
reports. Do not enter any durations or dependencies. See appendix A or
project 2010s Help for instruction on creating WBS. Print the resulting Gantt
chart on one page, being sure to display the entire task name column.
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INSE -6230 Total Quality Project Management
2.2 Question 5
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INSE -6230 Total Quality Project Management
2.3 Question 6
Review three different template files in the Microsoft Project 2010 templates
folder, from Microsofts templates on Office online link at
http://office.microsoft.com/project, or from another source. What do you
think about the WBS? Write a short paper summarizing your analysis,
providing at least three suggestions for improving one of the WBS.
Answer
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INSE -6230 Total Quality Project Management
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INSE -6230 Total Quality Project Management
We consider that this template is very well developed. The file includes the
Gantt chart that facilitates the visualization of the time allotted for every
task.
Level 1: corresponds to the entire project.
Level 2: the 5 process groups are clearly identifiable.
1. Initiating: this activities group was called Envisioning. We suggest
including project charter as a deliverable in this phase.
2. Planning: they refine the project objectives and then plan the steps
necessary to achieve those objectives within the project scope that
was given. We suggest changing the assemble teams to the
initiating phase.
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INSE -6230 Total Quality Project Management
2.4 Closing: this activity was called Microsoft Windows Server 2003
deployment complete. The overall project was closed.
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INSE -6230 Total Quality Project Management
The file includes the Gantt chart that facilitates the visualization of the time
allotted for every task.
Level 1: corresponds to the entire project and it is well defined.
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INSE -6230 Total Quality Project Management
Level 2: Even though that the real scope of the project is unknown, in this
level is expected finding the 5 process groups, but in this template that
structure was not fully followed.
1. Initiating: Not well defined
Omitting or not defining properly the process groups can cause confusion or
even delays in the development of the project. Phases like initiating and
planning are vital for defining scope, work teams, objectives, schedule, etc.
Also defining clearly monitoring and closing guarantees quality control and
that the project was successfully finished.
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INSE -6230 Total Quality Project Management
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INSE -6230 Total Quality Project Management
This file, as the others, includes the Gantt chart that facilitates the
visualization of the time allotted for every task.
Level 1: That corresponds to the entire project it is not defined.
Level 2: The structure of this template does not follow the 5 process groups.
1. Initiating: Not well defined
Summary
The comments and suggestion were included within the review of each
template, but in general, our suggestions are:
1. Include the numbering: it will help to understand the hierarchy of the
WBS.
2. Use the levels appropriately: the entire project should be level one, the
5 process groups level two and the subtasks level 3, 4 etc.
3. Include and properly define the 5 process groups
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INSE -6230 Total Quality Project Management
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