Consider the following information pertaining to projection 7. Project tasks Requirement gathering Architecture design Duration 1...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Consider the following information pertaining to projection 7. Project tasks Requirement gathering Architecture design Duration 1 month Tasks Requirement gathering Architecture design Circuit design Package design Testing 1 month 1 month Circuit design 2 months $60,000 Package design Testing 1 month $20,000 The status of the project at the end of month 5 is as follows. Budget $20,000 $20,000 $30,000 Status Completed. Spent $22,000. Completed. Spent $19,500. Completed. Spent $30,500. 75% complete. Spent $48.000 to date. Not started yet. i) Calculate the following for this project. 1. Cost variance 2. Schedule variance 3. Cost performance index 4. Schedule performance index (7 marks) Consider the following information pertaining to projection 7. Project tasks Requirement gathering Architecture design Duration 1 month Tasks Requirement gathering Architecture design Circuit design Package design Testing 1 month 1 month Circuit design 2 months $60,000 Package design Testing 1 month $20,000 The status of the project at the end of month 5 is as follows. Budget $20,000 $20,000 $30,000 Status Completed. Spent $22,000. Completed. Spent $19,500. Completed. Spent $30,500. 75% complete. Spent $48.000 to date. Not started yet. i) Calculate the following for this project. 1. Cost variance 2. Schedule variance 3. Cost performance index 4. Schedule performance index (7 marks)
Expert Answer:
Answer rating: 100% (QA)
To calculate the cost variance CV schedule variance SV cost performance index CPI and schedule perfo... View the full answer
Related Book For
Project management the managerial process
ISBN: 978-0073403342
5th edition
Authors: Eric W Larson, Clifford F. Gray
Posted Date:
Students also viewed these general management questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Consider the following information pertaining to a years operations of Youngstown Manufacturing: Units sold 1,400 Units produced 1,600 Direct labor $4,200 Direct materials used 3,500 Fixed...
-
Consider the pistoncylinder assembly containing a pure gas shown below. The initial volume of the gas is 0.05 m3, the initial pressure is 1 bar, and the cross-sectional area of the piston is 0.1 m2....
-
Fig. 4.32 illustrates the simplest ripple filter. A voltage V = V o (l + cos wt) is fed to the left input. Find: (a) The output voltage V' (t); (b) The magnitude of the product R at which the output...
-
A man is purchasing a small garden tractor. There will be no maintenance cost during the first 2 years because the tractor is sold with 2 years free maintenance. For the third year, the maintenance...
-
Find sample interrogatories propounded in California state courts and in federal court cases. Are there any striking differences between the two?
-
The following table contains information about four projects in which Andrews Corporation has the opportunity to invest. This information is based on estimates that different managers have prepared...
-
On April 1, Hao Lee created a new travel agency, Lee Travel The following transactions occurred during the company's first month April 2 Lee Invested $40,000 cash and computer equipment worth $12,600...
-
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 100 snowboards were sold. REI uses a periodic inventory...
-
In this problem, you have to make a compress function which take a word and compress it. compress function returns the 1 if the compression is successful(that is, the compressed word length is...
-
What are the first partial derivative for f(x1,x2) = ln(2x2)-x? Xa 5
-
Chan Company Identified the following budgeted data for this year. The company manufactures two types of scooters: standard and fast. Activity Handling materials Quality inspection Purchasing Total...
-
Find and simplify the expression if f(x) = x -8. f(2x) f(2x) = (Simplify your answer.)
-
A garden plot must have a central planting area of length 13 m and width 8 m. There is to be a sidewalk around its edge of width w, on all four sides of the planting area. If the total area, planting...
-
2. (10 points) Implement exercise 7-1 in Chapter 7 (To help you find it, a part of the exercise is shown below). You do not need to do the "like more practice?" part. Images used should be different...
-
Imagine that you work for a company in a small town in the Midwest where it is the dominant employer. You just found out that your company is considering moving its production facilities to a small...
-
Prove that if Σ an is absolutely convergent, then a. an
-
In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400. Compute the SV and CV for the project.
-
If the indirect costs for each duration are $1,200 for 16 weeks, $1,130 for 15 weeks, $1,000 for 14 weeks, $900 for 13 weeks, $860 for 12 weeks, $820 for 11 weeks, and $790 for 10 weeks, compute the...
-
What similarities and differences exist between a traditional project manager and a Scrum master?
-
Jerome Kerviel was born and raised in Pont-lAbbe, a small coastal village in the Brittany region of northwestern France. His father was a blacksmith, while his mother worked as a hairdresser....
-
Identify the four concerns that management has in establishing internal controls. Explain how each of those four concerns can be part of operational auditing.
-
During the mid-1980s, Stephen W. Gray owned and operated a small CPA firm in Columbia, Mississippi.1 Located in south-central Mississippi near the banks of the Pearl River, Columbias population of...
Study smarter with the SolutionInn App