Excel file

  

Describe the process of using the WBS to develop cost estimates. How are these estimates aggregated into total project cost estimates? How are control accounts aggregated horizontally and vertically? Why are they aggregated like this? 2) Provide a numerical example with Gantt Charts showing how Earned Value Management may mislead us as to whether the project in on time and on budget. 3) What must management do differently to implement Critical Chain and how do they do it. How must management focus change for Critical Chain to be successful compared to traditional project 4) For the project in the excel file and the MS Project files attached to this exam in Blackboard, answer the following questions: You can use MS Project and then export your answers. a) What are the Work Packages on the critical path? b) Calculate the ES and LS budgets for this project. Schedule all activities to start at their ES time and then at their LS times to answer this question. c) Calculate the actual budget based on the planned schedule. d) As of 4/26, what is the status of the project? Is it on time, on budget, etc. Use the percent complete column to answer this. Show all calculations. e) What is the forecasted completion time and cost of this project if efficiencies do not change. f) What must our efficiencies be to finish on schedule and on budget.