PMT472 2-3 Assignment - Week 2 Exercises Vanessa Delgado
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PMT472 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT: WEEK
CH. 5 EXERCISE 1
Calculate the direct cost of labor for a project team member using the following data:
NOTE: Direct cost of labor = hours needed * hourly rate.
Hourly rate ($/hr)
$50
Hours needed
120
Overhead rate
40%
Direct cost of labor
$6,000
K 2 EXERCISES
PMT472 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT: WEEK
CH. 5 EXERCISE 2
Calculate the direct and total direct costs of labor for a project team member using the following NOTE: Total direct cost of labor = direct cost of labor * (1 + overhead rate)
Hourly rate ($/hr)
$50
Hours needed
100
Overhead rate
30%
Direct cost of labor
$5,000
Total direct cost of labor
$6,500
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K 2 EXERCISES
data:
PMT472 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT: WEEK
CH. 5 EXERCISE 3
NOTE: Total cost = lot cost + (square footage * cost/square foot)
Munsters can afford (given)
$400,000
Min lot cost (given)
$70,000
Min square footage (given)
2400
Cost to build/square foot (given)
$160
Min total cost
$454,000
Given this information, should the Munsters pursue the option of building a new house?
Their budget is $400,000, and the overall cost minimum was already $454,000, therefore they sho
The Munsters have been saving money in order to buy a house. They figure that, given current in
$400,000 home. Before looking at houses on the market they decide to explore the possibility of figure they could buy a suitable lot for $70,000–$75,000. At a minimum they want to build a 2,40
house of the quality they desire is $160 per square foot.
K 2 EXERCISES
ouldn't.
nterest rates, they could afford a building a new home. The Munsters 00-square-foot house. The cost for a
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PMT472 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT:
CH. 5 EXERCISE 4
Excavation and framing complete
25%
Roof and fireplace complete
8%
Wiring roughed in
3%
Plumbing roughed in
6%
$26,100
Siding on
5%
Windows, insulation, walks, plaster, and garage complete
17%
Furnace installed
9%
Plumbing fixtures installed
4%
$17,400
Exterior painting complete
5%
$21,750
Light fixtures installed, finish hardware installed
4%
Carpet and trim installed
6%
Interior decorating
4%
$17,400
Floors laid and finished
4%
What is the estimated cost for the Publinskys’ house if they use contractors to comp
$435,000
Estimate what the cost of the house would be if the Publinskys used their talents to $352,350
Mrs. Publinsky and her husband, Xander, are planning their dream house. The lot fo
beautiful view of the White Mountains. The plans show the size of the house to be 2
a lot and house similar to this one has been $150 per square foot. Fortunately, Xand
save money by installing the plumbing himself. Mrs. Publinsky feels she can take car
feel they can complete the exterior painting with the help of their two sons. The foll
available from a local bank that makes loans to local contractors and dispenses prog
specific tasks are verified as complete.
: WEEK 2 EXERCISES
plete all of the house?
do some of the work themselves.
or the house sits high on a hill with a 2,900 square feet. The average price for der is a retired plumber and feels he can re of the interior decorating. They both lowing average cost information is gress payments to contractors when
PMT472 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT: WEEK
CH. 5 EXERCISE 5
Design
$320,000
Programming
$176,000
In-house testing
$320,000
What weaknesses are inherent in this estimating approach?
Exercise Figure 5.1 is a project WBS with cost apportioned by percentages. If the total project cos
the estimated costs for the following deliverables?
might be drastically altered, because changes are inevitable and nothing is final until the project i
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K 2 EXERCISES
st is estimated to be $800,000, what are is nearly wrapped up.
PMT472 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT: WEEK
CH. 5 EXERCISE 6
Elements
Count
Complexity
Inputs
10
Low
Outputs
4
Low
Inquiries
4
High
Files
28
Average
Interfaces
18
High
NOTE: Number of person-months required = total number of function points / function points pe
NOTE: Estimated cost = Number of person-months required * cost per person-month
NOTE: Estimated duration = Number of person-months required / number of people
Element
Count
Complexity Weight
Inputs
10
LOW
Outputs
4
LOW
Inquiries
4
HIGH
Files
28
AVERAGE
Interfaces
18
HIGH
Total
Function points per person-month (given)
Cost per person-month (given)
Number of people (given)
Number of person-months required
Estimated cost
Estimated duration
Assume you are the project manager for the Tidal 2 software project. You have been asked to cal
Your company’s database indicates that developers can handle eight function points each person
at your firm is $5,000 per month. You and your team of five developers have come up with the fo
Using the “complexity weighting” scheme shown in Table 5.2 and the information provided, calcu
points, the estimated cost, and the estimated duration of the Tidal 2 project.
K 2 EXERCISES
er person-month
Subtotal Number of Function Points
20
12
24
224
270
550
8
$5,000
5
68.75
$343,750
13.75
lculate the expected cost for the project. n-month and that the cost per developer ollowing requirements:
ulate the total number of function
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PMT472 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT: WEEK
CH. 5 EXERCISE 7
Elements
Count
Complexity
Inputs
15
Low
Outputs
20
Average
Inquiries
10
Average
Files
30
Average
Interfaces
50
High
Element
Count
Complexity Weight
Inputs
15
LOW
Outputs
20
AVERAGE
Inquiries
10
AVERAGE
Files
30
AVERAGE
Interfaces
50
HIGH
Total
Function points per person-month (given)
Number of people (given)
Number of person-months required
What is the estimated project duration?
If 20 people are available for the project, what is the estimated project duration?
f the project must be completed in six months, how many people will be needed for the project?
Omega 2 Project. Using the “complexity weighting” scheme shown in Table 5.2 and the following
estimate the total function point count. Assume historical data suggest five function points equal
have been assigned to work on the project.
K 2 EXERCISES
Subtotal Number of Function Points
30
120
40
240
750
1180
5
6
236.00
39.33
11.80
About 39 people g function point complexity weight table, l one person a month and six people