This paper circulates around the core theme of calculate the original cost estimate The new cost estimate as of February 26 Changes that can be made to the schedule to complete the project by August 5 together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
AssignmentQuestion Detail: Huston Power, Inc.,
(HPI), an electrical power-generating company, has hired your firm to
refurbish one of its gas turbine units. The manufacturing department
works only on the day shift. The staff of the manufacturing department
is paid on an hourly basis and is paid one-and-a-half times the salary
for working overtime. Given below are the staff salaries.
|
Resource
|
Hourly Rate (€)
|
Notes
|
|
Project manager
|
50
|
|
Lead engineer
|
45
|
|
Design engineer
|
40
|
|
Software engineer
|
40
|
|
Hardware engineer
|
40
|
|
Manufacturing staff
|
150
|
The manufacturing staff consists of six people.
|
|
Installation staff
|
75
|
The installation staff consists of three technicians.
|
The project plan is as follows:
|
Task #
|
Description
|
Duration (days)
|
Start
|
Finish
|
Predecessor
|
|
1
|
Acceptance of the contract
|
0
|
1/4
|
1/4
|
|
2
|
HPI engineering site survey
|
3
|
1/4
|
1/6
|
1
|
|
3
|
Hardware design
|
14
|
1/7
|
1/26
|
2
|
|
4
|
Human-Machine Interface (HMI) software design
|
20
|
1/27
|
2/23
|
3
|
|
5
|
HMI software development
|
25
|
3/24
|
4/29
|
11
|
|
6
|
Software integration and testing
|
10
|
4/30
|
5/14
|
5
|
|
7
|
Unit 1 hardware testing
|
3
|
2/10
|
2/12
|
17
|
|
8
|
System testing
|
5
|
5/17
|
5/21
|
6,7,3
|
|
9
|
HPI factory acceptance test (FAT)
|
5
|
5/24
|
5/28
|
8
|
|
10
|
Customer-witnessed FAT
|
5
|
6/1
|
6/7
|
9
|
|
11
|
Functional design specification
|
20
|
2/24
|
3/23
|
4
|
|
12
|
HPI review design documentation
|
2
|
2/24
|
2/25
|
4
|
|
13
|
Customer review functional design
|
5
|
2/26
|
3/4
|
12
|
|
14
|
Preparation of FAT specifications
|
2
|
1/27
|
1/28
|
3
|
|
15
|
Creation of the operations and maintenance manual
|
10
|
6/8
|
6/21
|
10
|
|
16
|
Final documentation
|
4
|
7/19
|
7/22
|
25
|
|
17
|
Manufacture unit 1
|
10
|
1/27
|
2/9
|
3
|
|
18
|
Delivery to the site
|
4
|
6/22
|
6/25
|
15
|
|
19
|
Travel to the site for installation
|
1
|
6/25
|
6/25
|
18FF
|
|
20
|
Demolition: Control panel
|
2
|
6/28
|
6/29
|
19
|
|
21
|
Installation: Control panel
|
8
|
6/30
|
7/9
|
20
|
|
22
|
Installation: Fuel system
|
2
|
7/12
|
7/13
|
21
|
|
23
|
Travel from the site after installation
|
1
|
7/14
|
7/14
|
22
|
|
24
|
Travel to the site for commissioning
|
1
|
7/14
|
7/14
|
23FF
|
|
25
|
Checking of the cold loop
|
2
|
7/15
|
7/16
|
24
|
|
26
|
Checking of the hot loop
|
4
|
7/19
|
7/22
|
25
|
|
27
|
Commissioning
|
3
|
7/23
|
7/27
|
26
|
|
28
|
Training of the client’s team in operations
|
3
|
7/28
|
7/30
|
27
|
|
29
|
Training of the client’s team in maintenance procedures
|
1
|
8/2
|
8/2
|
28
|
|
30
|
Procurement of customer acceptance
|
0
|
8/2
|
8/2
|
29
|
|
31
|
Travel from the site after commissioning
|
1
|
8/3
|
8/3
|
30
|
|
32
|
Project closure
|
2
|
8/4
|
8/5
|
31
|
|
33
|
Project management
|
150
|
1/4
|
8/5
|
1
|
The resource usage, by task, is as follows:
|
Task Name
|
Resource Names
|
|
Acceptance of the contract
|
|
HPI engineering site survey
|
Lead engineer
|
|
Project management
|
Project manager
|
|
Hardware design
|
Design engineer
|
|
HMI software design
|
Design engineer
|
|
Preparation of FAT specifications
|
Lead engineer
|
|
Manufacture unit 1
|
Manufacturing staff
|
|
Unit 1 hardware testing
|
Hardware engineer
|
|
Functional design specification
|
Design engineer
|
|
HPI review design documentation
|
Lead engineer
|
|
Customer review functional design
|
|
HMI software development
|
Software engineer
|
|
Software integration and testing
|
Software engineer
|
|
System testing
|
Lead engineer
|
|
HPI factory acceptance test (FAT)
|
Lead engineer
|
|
Customer-witnessed FAT
|
|
Creation of the operations and maintenance manual
|
Design engineer
|
|
Delivery to the site
|
|
Travel to the site for installation
|
Installation staff
|
|
Demolition: Control panel
|
Installation staff
|
|
Installation: Control panel
|
Installation staff
|
|
Installation: Fuel system
|
Installation staff
|
|
Travel from the site after installation
|
Installation staff
|
|
Travel to the site for commissioning
|
Lead engineer
|
|
Checking of the cold loop
|
Lead engineer
|
|
Final documentation
|
Design engineer
|
|
Checking of the hot loop
|
Lead engineer
|
|
Commissioning
|
Lead engineer
|
|
Training of the client’s team in operations
|
Lead engineer
|
|
Training of the client’s team in maintenance procedures
|
Lead engineer
|
|
Procurement of customer acceptance
|
|
Travel from the site after commissioning
|
Lead engineer
|
|
Project closure
|
Lead engineer, design engineer, software engineer
|
Your company observes UK holidays. For 2010, these holidays are:
|
January 1
|
New Year’s Day
|
|
April 2
|
Good Friday
|
|
April 5
|
Easter Monday
|
|
May 3
|
Early May Bank Holiday
|
|
May 31
|
Spring Bank Holiday
|
|
August 30
|
Summer Bank Holiday
|
|
December 27
|
Christmas Day
|
|
December 28
|
Boxing Day
|
If the project starts on January 4, it will finish on August 5. The
contract with Huston Power, Inc. includes penalties if the project
completes later than August 5. As of February 26, the following tasks
have been completed:
|
Task Name
|
Start
|
Finish
|
Duration (days)
|
|
Acceptance of the contract
|
1/4
|
1/4
|
0
|
|
HPI engineering site survey
|
1/4
|
1/6
|
3
|
|
Hardware DESIGN
|
1/7
|
1/27
|
15
|
|
HMI software design
|
1/28
|
2/26
|
22
|
|
Unit 1 hardware testing
|
2/11
|
2/17
|
5
|
|
Preparation of FAT specifications
|
1/28
|
2/1
|
3
|
|
Manufacture unit 1
|
1/28
|
2/10
|
10
|
Using the data provided, calculate the following:
- The original cost estimate
- The new cost estimate as of February 26
- Changes that can be made to the schedule to complete the project by August 5
- The planned value (PV) as of February 26
- The actual cost (AC) as of February 26
- The earned value (EV) as of February 26
- The value of the following as of February 26:
- Cost variance (CV)
- Cost performance index (CPI)
- Schedule variance (SV)
- Schedule performance index (SPI)
- Estimate to complete (ETC)
- Estimate at completion (EAC)
