Consider the below hypothetical project and answer the following multiple-choice questions (i.e., 4.1- 4.4). You need to choose the correct answer, there is only one correct answer. You must write your chosen answer in the Answer Booklet. Hypothetical project: It is planned to establish Small and medium-sized enterprise (SME) to produce spare parts in South Yorkshire. The overall work breaks down structure consists of the following sub-projects, which are: • Sub-Project 1 is designing the factory. • Sub-Project 2 is the main construction operation of the factory. • Sub-Project 3 is machines purchasing. • And Sub-Project 4 is the installation and commissioning of machines in the factory. The project manager has assigned an independent manager for all projects and a comprehensive and detailed project schedule has been prepared and based on it, progress charts of each project have been identified. Table 3 shows the total budget and time (Baseline) required for each sub-project and the whole project. Table 3: Baseline plan for the completion of Sub-Project and the whole Project (the figures are assumptions) Sub-Project 1 Sub-Project 2 Budget at Completion (BAC) (£) 10000 Sub Project 3 Sub Project 4 Whole Project 150000 Schedule at Completion (SAC) (month) 10 200000 20000 380000 25 8 10 25 About 18 months have passed since the start of the project. The main stakeholders (i.e., Investors) want to know what the performance of each “Sub-Projects” and the “Whole Project” has been and what the forecasts will be. Hence, you as a senior Project Analyst are assigned to this task. Based on the actual information obtained from the project financial and physical reporting system, you have extracted and aggregated the actual values on this date (month 18) for each project in Table 4. Table 4: aggregated values corresponding to actual values (£) at the assessment date (month 18) Sub Project 1 Sub Project 2 Planned value (PV) 60,000 Sub Project 3 Sub Project 4 Whole Project 70,000 Actual cost (AC) 70,000 100,000 140,000 170,000 60,000 50,000 330,000 Earned value (EV) 390,000 50,000 80,000 100,000 40,000 270,000 Page 3 of 5 MODULE CODE: 55-703365 4.1. 4.2. 4.3. 4.4. What is the Cost Performance Index (CPI) and Schedule Performance Index (SPI) of Sub-Project 2? a) CPI =0.71, SPI = 0.83 b) CPI =0.59, SPI = 0.71 c) CPI =0.80, SPI = 0.67 d) CPI =0.80, SPI = 1.14 (8 marks) What is the Critical Ratio (CR) of Sub-Project 4? a) CR =0.42 b) CR =0.79 c) CR =0.53 d) CR =0.66 (7 marks) By measuring each “Sub-Projects” performance, which Sub-Project Manager performed the BEST in comparison to others? a) Sub-Project 4 Manager b) Sub-Project 1 Manager c) Sub-Project 2 Manager d) Sub-Project 3 Manager (8 marks) What is the Cost Estimate at Completion (CEAC) and Time Estimate at Completion (TEAC) of the Sub-Project 1? a) CEAC=25000, TEAC=15 b) CEAC=14000, TEAC=12 c) CEAC=340000, TEAC=11 d) CEAC=187500, TEAC=22