OPRE 3310: Homework Assignment 3 Due on March 2w 2021 Q1) Remember the first Coronavirus Hospital built in Jan 2020, in Wuhan, China. Suppose you were responsible for managing this very critical project. You identified the necessary tasks (assume they are sequential) to build the hospital, and you estimated the cost and duration associated with each task. Accordingly, you obtain the following table. Estimated Cost fin $1,000) Estimated Duration 500 1 day 1,500 4 days A: Recruiting the construction Labor B: Land clearance and settling the foundation Placing the prefabricated units D: Equipping the hospital 3,000 3 days 5,000 2 days 1,000 1 day E: Taking the medical personnel into service Accordingly, your plan is to finish the hospital in 11 days with the budget $11 Million. From the table, the Planned Value (PV) of the project is plotted over time: Value (in $1,000) 11000 10000 5000 3000 2000 500 1 56 8 10 11 Time (days) Page 1 of 5 OPRE 3310: Homework Assignment 3 Due on March 2w 2021 You started the project. Then, by the end of the day you managed to complete tasks A, B and C. The actual amount of dollars you spent on each task along with actual durations are given in the next table. Percentage of the job done Money spent on the job in $1000) Time spent on the jab 400 2 days 2000 3 days A: Recruiting the 100% construction labor B: Land clearance and 100% settling the foundation C: Placing the 100% prefabricated units D: Equipping the hospital 0% 3.000 1 day E: Taking the medical personnel into service a. By the end of the 6" day, how much worth of work the project is ahead/behind the planned duration? (the correct answer is an integer) b. By the end of the day, how much is project over/under the budget? (the correct answer is an integer) Page 2 of 5