QUESTION 1
[22 Marks]
A furniture company is contracted to produce 10 identical dinner tables over 10 weeks, with a
Total Budgeted Cost (TBC) of N$150,000, meaning each table is budgeted at N$15,000 and one
table is expected to be completed each week. By the end of week 6, the company has spent
N$110,000 but has only completed 5 tables instead of 6.
Using this scenario, determine the following:
1.1 What is the earned value (EV) at the end of week 67 (3 Marks)
1.2 Calculate the cost variance {CV) at the end of week 6. (3 Marks)
1.3 What is the cost performance index (CPI) of the project at week 67 (3 Marks)
1.4 Forecast the total cost at completion based on current performance. (4 Marks)
1.5 What is the To-Completion Performance Index (TCPI) required to finish the project
within the original budget? (3 Marks)
1.5 Discuss two specific strategies the company could implement to improve the project's
cost performance index (CPI) moving forward . (6 Marks)
QUESTION 2:
[8 Marks]
What four aspects should be taken into account when pricing your proposal as a contractor?
Discuss. (Note: If you only name, you can only get half a mark).
QUESTION 3
[15 Marks]
With scenario examples, discuss five key competencies for a project manager to have? 15
Marks (1 mark for example, 2 marks per discussed competency)
QUESTION 4
Discuss any seven (7) factors that influence a contractors bid/no bid decision.
[21 Marks]