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Pm 592 Study Guide

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PM592 On-line – Study Guide for Final Examination

The final is an open book/open notes examination. The final includes nine questions, and is worth a total of 300 points. The sample problems here represent the types of problems that may appear on the final. There are solutions to the problems at the end. There will also be discussion problems. I have provided a list of the topics from which the discussion questions will be taken.

On problems, please show all calculations when you complete the final.

Problems:

(TCO B) Three-point estimate: Problem (TCO B) Contingency Pricing: Problem (TCO G) Crashing: Problem (TCO C) WBS: Problem (TCO E) Resource Allocation/Leveling: Problem (TCO F, G) Earned Value/PMIS: Problem (TCO C) General Budget development, sensitivity: Problem

Discussion topics:

(TCO D) Accounting, PMIS, and Project Control (TCO A) Budgeting processes and techniques (TCO E) Resource Allocation Matrix (TCO F) Project Control Process (TCO F, G) EVM and EAC: Discussion:

Terminal Course Objectives A Given the WBS and work packages develop an understanding of budgeting processes using top-down and bottom-up techniques. B Given the WBS and work packages, analyze the various cost estimating processes and investigate approaches used to justify and allocate contingency funds. C Given the project plan, develop budget estimates in appropriate categories including but not limited to labor, non-labor, overhead, and general administrative, and determine the costs to which the total project budget is most sensitive. D Given the project budget, develop a project cost accounting and management information system for monitoring and controlling the project. E Given the WBS and work packages together with resources available and required, develop a Responsibility Assignment Matrix (RAM) and utilize

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