Running head: CHAPTER 5 EXERCISES 1,2,3

Chapter 5 Exercises 1,2,3 PM/ 571 Project Management

CHAPTER 5 EXERCISES 1,2,3

Chapter 5 Exercises 1,2,3 1. Mrs. Tolstoy and her husband, Serge, are planning their dream house. The lot for the house sits high on a hill with a beautiful view of the Appalachian Mountains. The plans for the house show the size of the house to be 2,900 square feet. The average price for a lot and house similar to this one has been $120 per square foot. Fortunately, Serge is a retired plumber and feels he can save money by installing the plumbing himself. Mrs. Tolstoy feels she can take care of the interior decorating. The following average cost information is available from a local bank that makes loans to local contractors and disperses progress payments to contractors when specific tasks are verified as complete. 24% Excavation and framing complete 8% Roof and fireplace complete 3% Wiring roughed in 6% Plumbing roughed in 5% Siding on 17% Windows, insulation, walks, plaster, and garage complete 9% Furnace installed 4% Plumbing fixtures installed 10% Exterior paint, light fixtures installed, finish hardware installed 6% Carpet and trim installed 4% Interior decorating 4% Floors laid and finished a. What is the estimated cost for the Tolstoys house if they use contractors to complete all of the house? Estimated cost of all the house would be (2,900 sq ft x $120 per sq ft= $348,000) b. Estimate what the cost of the house would be if the Tolstoys use their talents to do some of the work themselves. Plumbing roughed in (6% x $348,000= $20,880) Plumbing fixtures installed (4% x $348,000= $13,920) Interior decorating (4% x $348,000= $13,920) Savings: ($20,880 + $13,920+ $13,920= $48,720) Estimate of house if talents used: ($348,000 - $48,720= $299, 280)

2. Below is a project WBS with cost apportioned by percents. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables?

CHAPTER 5 EXERCISES 1,2,3

Table 5.2 a. Design? ($600,000 x 40%= $240,000) b. Programming? ($600,000 x 20%= $120,000) c. In-house testing? ($600,000 x 40% = $240,000) What weaknesses are inherent in this estimating approach? Historical data needs to be practical and excellent Total costs estimation needs to be accurate for all cost to be accurate, if there is any error in total cost than all costs will be inaccurate This project needs to be similar to prior projects for subdeliverables to be valuable 3. Firewall Project XT. Using the complexity weighting scheme shown in Table 5.2 and the function point complexity weighted table shown below, estimate the total function point count. Assume historical data suggest five function points equal one person a month and six people can work on the project.

Number of inputs Number of outputs

Complexity Weight Table 10 Rated complexity low 20 Rated complexity average

CHAPTER 5 EXERCISES 1,2,3

Number of inquires Number of files Number of interfaces

10 Rated complexity average 30 Rated complexity high 50 Rated complexity high

Elements Inputs Outputs Inquires Files Interfaces

Count 10 20 10 30 50

Complexity Weighing Low Average High 10x2 20x6 10x4 30x12 50x15 Total

= = = = = =

Total 20 120 40 360 750 1290

a. What is the estimated project duration? Assuming there are 5 function points: (1290/5=258 person months) If there are 6 people available: (258/6=43 months) The project duration would be 43 months b. If 20 people are available for the project, what is the estimated project duration? (258/20= 12.9 months) The project duration would be 12.9 months c. If the project must be completed in six months, how many people will be needed for the project? = 6months 258= 6x X=43 There will be a need for 43 people for the project to be completed in 6 months.