TUDY 2 The Wedding This case study is a continuation of the case study from Chapters 4, 5, and 6. CASE QUESTIONS 1. Using the schedule from Chapter 5, estimate the cost for each activity. 2. Determine the total budgeted cost for the project. 3. Prepare a budgeted cost by period table (similar to Figure 7.5) and a cumu- lative budgeted cost (CBC) curve (similar to Figure 7.6) for the project. Note: This case study will continue in Chapter 8, so save the results of your work. GROUP ACTIVITY Divide the course participants into the same groups as for the previous chapter's group activity. Then address each of the steps listed above. 18 Pengaw.coming the power FIGURE.. Med Coat by Period for the Packaging Machine Project Week 4 5 6 7 8 9 10 11 THC 1 Design 24 1 8 8 12 12 10 10 60 16 Install & Test Total 8 B 8 12 12 10 100 10 4 16 24 32 8 40 52 64 Cumulative 74 84 92 100 Amounts are in thousanch of dollars shown in Figure 73. Also shown is the period-by-period budgeted cost for the entire project, as well as its CBC. Figure 7.5 indicates that $32,000 is budgeted to accomplish the work that is scheduled to be performed through week 5. The per lods over which budgeted costs are spread usually are determined by the carlies start and finish times for the activities in the baseline project schedule (adjusted to take into account resource leveling or resource-limited scheduling). With the CBC values, it is possible to draw a CBC curve to illustrate budgeted expenditures over the duration of the project. Figure 7.6 shows the CBC curve for the packaging machine project. Although the table in Figure 7.5 and the FIGURE 7.6 Calathe Hedgeted Cost Curve for the Packaging Machine Project Cumulative Budgeted Cost is in thousands 100 90 50 70 Total Budgeted Cost 53 50 40 20 10 4 5 7 8 9 10 11 12 Weeks ES LS EF LF TS 0 4 7 3 1 Activity Create event date 0 (1) Tony Create Budget (2) 4 Tony, Peggy Location/venue (3) 18 Tony 7 18 21 3 21 28 31 3 31 49 52 3 21 24 31 7 31 28 41 13 Vendors (4) 28 Mildred Guestlist (5) 18 Carmela Dress/Suites (6) 18 Peggy Rehearsal dinner 49 (7) Tony, Peggy Get Cake (8) Peggy 18 Book hotel (9) 28 Peggy Completed in: 58 days 52 55 58 3 21 28 31 cha 31 40 45 *number in box is in days TUDY 2 The Wedding This case study is a continuation of the case study from Chapters 4, 5, and 6. CASE QUESTIONS 1. Using the schedule from Chapter 5, estimate the cost for each activity. 2. Determine the total budgeted cost for the project. 3. Prepare a budgeted cost by period table (similar to Figure 7.5) and a cumu- lative budgeted cost (CBC) curve (similar to Figure 7.6) for the project. Note: This case study will continue in Chapter 8, so save the results of your work. GROUP ACTIVITY Divide the course participants into the same groups as for the previous chapter's group activity. Then address each of the steps listed above. 18 Pengaw.coming the power FIGURE.. Med Coat by Period for the Packaging Machine Project Week 4 5 6 7 8 9 10 11 THC 1 Design 24 1 8 8 12 12 10 10 60 16 Install & Test Total 8 B 8 12 12 10 100 10 4 16 24 32 8 40 52 64 Cumulative 74 84 92 100 Amounts are in thousanch of dollars shown in Figure 73. Also shown is the period-by-period budgeted cost for the entire project, as well as its CBC. Figure 7.5 indicates that $32,000 is budgeted to accomplish the work that is scheduled to be performed through week 5. The per lods over which budgeted costs are spread usually are determined by the carlies start and finish times for the activities in the baseline project schedule (adjusted to take into account resource leveling or resource-limited scheduling). With the CBC values, it is possible to draw a CBC curve to illustrate budgeted expenditures over the duration of the project. Figure 7.6 shows the CBC curve for the packaging machine project. Although the table in Figure 7.5 and the FIGURE 7.6 Calathe Hedgeted Cost Curve for the Packaging Machine Project Cumulative Budgeted Cost is in thousands 100 90 50 70 Total Budgeted Cost 53 50 40 20 10 4 5 7 8 9 10 11 12 Weeks ES LS EF LF TS 0 4 7 3 1 Activity Create event date 0 (1) Tony Create Budget (2) 4 Tony, Peggy Location/venue (3) 18 Tony 7 18 21 3 21 28 31 3 31 49 52 3 21 24 31 7 31 28 41 13 Vendors (4) 28 Mildred Guestlist (5) 18 Carmela Dress/Suites (6) 18 Peggy Rehearsal dinner 49 (7) Tony, Peggy Get Cake (8) Peggy 18 Book hotel (9) 28 Peggy Completed in: 58 days 52 55 58 3 21 28 31 cha 31 40 45 *number in box is in days