MME80001 Resource Planning and Management – Mock-up trial for final assessment (S1 2017) 1 SECTION A (Answer ALL questions in this section) Choose the correct answer for each of the following multiple choice questions. (A1) Resource leveling ensures that resource demand will exceed resource availability: I. True II. Partly True III. False (A2) You are a maintenance contractor for a sports complex facility. Your inventory costs for material resources would not include I. Ordering and storage costs for materials II. Obsolescence and deterioration costs for materials III. Opportunity costs and insurance costs for materials IV. Obsolescence and repair costs for excavation equipment V. All of the above (A3) In a precast panel manufacturing unit, the reorder level of raw materials will depend on: I. Lead time II. Whether the demand is deterministic or probabilistic III. both (I) and (II) (A4) Application of a schedule compression technique in a project schedule will effectively shorten the project duration only if the project scope is significantly reduced I. True II. False (A5) Rider Jessie is a project manger in an airport expansion project. Rider’s procurement team decided that they should keep minimal or no inventories of certain materials, especially due to high reliability and availability of timely material supply. Moreover, the project division alerted that that bulk storage arrangement at site for such materials is not very good. Rider’s resource strategy should be : I. Just in time (JIT) II. Just in case (JIC) (A6) If the critical ratio observation in your project status report refers to 0.79, then: I. you should investigate immediately II. you may ignore this now III. you must report to the top management IV. you can watch carefully and investigate accordingly (A7) A machine foundation is planned to cost $100000. At one stage observation of this foundation work, the actual cost of work performed was $35000. The planned value and the earned value at that stage were worth $45000 and $40000 respectively. The cost variance at this stage is: I. $65000 II. $60000 III. $5000 IV. $15000 V. None of the above (A8) Your project is already delayed by some rework and changes. As a project manager, you have identified that availability of certain key resource is now limited or constrained, Your top priority for allocating that resource in your revised schedule should aim for: I. Training site staff for quality control and waste minimization II. Fast-tracking non-critical activities with alternative resourcesMME80001 Resource Planning and Management – Mock-up trial for final assessment (S1 2017) 2 III. Attending critical activities and managing through float and alternatives IV. Informing the top management and preparing for liquidated damages (A9) GAMMABEE is a large contractor in the region. You are the project manager of main contractor (GAMMABEE) in a large infrastructure project. The management reserve available in your project can be deemed as: I. A amount that is reserved in other project’s contingencies II. An amount reserved for unforeseen works that are within the scope of your project III. An amount of your project budget withheld for the management control purposes IV. All of the above V. None of the above (A10) An earned value analysis found that the budgeted cost of work performed (BCWP) = $95000; budged cost of work scheduled (BCWS) = $98000; and actual cost of work performed (ACWP) = $92000. The project condition refers: I. Behind schedule and over-budget II. Behind schedule and under-budget III. Ahead of schedule and over-budget IV. Ahead of schedule and under-budgetMME80001 Resource Planning and Management – Mock-up trial for final assessment (S1 2017) 3 SECTION B (Answer any TWO full questions from this section) Question B1 Question B1 has 2 built-in sub-questions (i) & (ii). Answer both sub-questions of B1. After recent bushfires, some public recreational facilities in certain parts of Western Australia have been significantly damaged. You are a local construction contractor who obtained a major contract for repairing and refurbishing those facilities in this affected region. (i) By considering suitable hypothetical assumptions, you are required to identify 6 key material resources and prepare an ABC analysis for material resources planning in this project. (ii) Discuss your strategies for storage and buffer stocks of hazardous but non-volatile materials in this post-disaster project of rebuilding recreational infrastructure Question B2 Question B1 has 2 built-in sub-questions (i) & (ii). Answer both sub-questions of B1. (i) You are the strategy consultant for RIGHT SECURE, who is a specialist building security equipment manufacturer in Australia. This company mainly produces sophisticated CCTV security cameras with special lens. By analyzing following points, you are required to recommend a suitable strategy for the sourcing special lenses required for camera manufacturing. If the lenses are bought from an overseas supplier, RIGHT SECURE will need to arrange relevant storage, which requires a fixed cost of $25000 annually. The overseas supplier has agreed to supply the lenses for $15 per unit. Alternatively, if the lenses are procured from a local manufacturer, BRIGHT SECURA will need a smaller storage and in-house processing facility with a fixed cost of $275000 annually and variable cost per unit (including local supplier bills) is $3.5 per unit. (a) If the first year projection of annual demand is 90000, which supplier is advantageous to the RIGHT SECURE (i.e. local or overseas)? (b) If the next year demand is not certain, what will be your decision? (ii) Discuss the suitability of Equipment Control Matrix OR Equipment Process Maturity Model for major equipment resources in a large highway infrastructure project. (Hint: Assume suitable examples to support your discussions) Question B3 Question B3 has 5 sub-parts. You are required answer ANY 2 sub-parts of Question B3 Assuming that you are a Queensland based Specialist Contractor, who obtained a major contract award in a large infrastructure project in Western Australia and you have some other projects as well. Write short notes on any two the following: (i) Location based management for construction projects in time overrun scenarios. Note: Your project site is in a remote location (ii) Project controlling with Critical Ratio observations in sub-contracted works (iii) Planning and managing equipment resources and related costs in your inter-state project (iv) Needs based motivational measures for your technical staff in the remote project site (v) You are responsible for design management in a project. With a suitable task example from a design project, explain the dependency structure of coupled tasks (“Chicken and Egg”).MME80001 Resource Planning and Management – Mock-up trial for final assessment (S1 2017) 4 SECTION C (Answer any ONE full questions from this section) Question C1 Question C1 has 2 built-in sub-questions (i) & (ii). Answer all sub-questions of C1. (i) Assume that you are a specialist subcontractor owing several imported equipment. Calculate the expected ‘hourly’ owning and operating cost for the 2nd year of operation of a specific twin-engine scraper as per following details: • Cost of equipment = $150000 • Tire cost = $12000 • Estimated life = 5 years • Salvage value = $20000 • Depreciation method = sum-of-the-year’s digits • Investment (interest) rate = 8% • Tax, insurance and storage rate = 12% • Operating conditions = average • Rated power = 465 HP • Fuel price = $1.50/gal • Operator’s wages = $40.00/hour • Number of days for equipment operation in a year = 250 days (@8 hours per day) (ii) Discuss the suitability of ONE of the following: (a) buffer stock of tires OR (b) reactive maintenance for twin-engine scrapers in your organization. Question C2 Question C2 has 2 built-in sub-questions (i), & (ii). Answer both sub-questions of C2. Assume that you are the Project Manager in a high hazard petrochemical industry expansion project. (i) You are required to describe your resource planning and management strategies for effective project control in any two of the following three scenarios: Scenario – A Scenario – B Scenario – C BCWS = Budgeted Cost of Work Scheduled; BCWP = Budgeted Cost of Work Performed; ACWP = Actual Cost of Work Performed (ii) Assume that you are the subcontractor for a 3 kilometer long linear project in this petrochemical expansion, which has following 5 activities: (P) Excavating trench; (Q) Laying sub-base; (R) Laying concrete pipe; (S) Backfilling trench; (T) Compacting. The productivity rates of your labour crew for these 5 activities are 100, 75, 125, 200, 150 m/day respectively. You should allow a minimum of EITHER 1-day time buffer OR 250 meters distance buffer between individual activities. You are required to prepare: (c) a suitable plan based on Linear Schedule Method; and (d) suggest your recommendation for a fast-tracked completion.