TUDY 2 The Wedding This case study is a continuation of the case study from Chapters...

 

  
 

Transcribed Image Text:

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. ne Pan 2 Planning fning and Cmmling he P FIGURE 7. Bludyetad Cost by Period for the Packnging Machine Project Week 4\ 7. 8 10 TBC 1 Design 24 12 12 10 10 Buld 60 Install& Test 16 8. 8. 12 12 10 10 Total 100 32 40 52 64 74 84 92 10 Cumulative 4 16 24 Amounts are in thousands of dollars. shown in Figure 7.3. Also shown is the period-by-period budgeted cost for entire project, as well as its CBC. Figure 7.5 indicates that $32,000 is budgeted accomplish the work that is scheduled to be performed through week 5. The per iods over which budgeted costs are spread usually are determined by the earliet 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 budgetod expenditures over the duration of the project. Figure 7.6 shows the CBC cune for the packaging machine project. Although the table in Figure 7,5 and the FIGURE 7.8 Cumulative Hodgeted Cost Curve for the Packaging Machine Project Cumulative Budgeted Cost (5 in thousands) 100 90 50 Total 70 Budgeted Cost 60 50 40- 30 20 10 5 6. 9 10 11 12 Weeky 9. 5n Activity ES LS EF LF TS Create event date 0 (1) Tony 4 7 3. Create Budget (2) Tony, Peggy 4. 7 18 Location/venue (3) 18 Tony 21 28 31 3 Vendors (4) Mildred 28 31 49 52 3 Guestlist (5) Carmela 18 21 24 31 7. Dress/Suites (6) 18 31 28 41 13 Peggy Rehearsal dinner 49 52 55 58 3 (7) Tony, Peggy Get Cake (8) Peggy 18 21 28 31 31 40 45 Book hotel (9) Peggy Completed in: 58 days 28 "number in box is in days" 21 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. ne Pan 2 Planning fning and Cmmling he P FIGURE 7. Bludyetad Cost by Period for the Packnging Machine Project Week 4\ 7. 8 10 TBC 1 Design 24 12 12 10 10 Buld 60 Install& Test 16 8. 8. 12 12 10 10 Total 100 32 40 52 64 74 84 92 10 Cumulative 4 16 24 Amounts are in thousands of dollars. shown in Figure 7.3. Also shown is the period-by-period budgeted cost for entire project, as well as its CBC. Figure 7.5 indicates that $32,000 is budgeted accomplish the work that is scheduled to be performed through week 5. The per iods over which budgeted costs are spread usually are determined by the earliet 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 budgetod expenditures over the duration of the project. Figure 7.6 shows the CBC cune for the packaging machine project. Although the table in Figure 7,5 and the FIGURE 7.8 Cumulative Hodgeted Cost Curve for the Packaging Machine Project Cumulative Budgeted Cost (5 in thousands) 100 90 50 Total 70 Budgeted Cost 60 50 40- 30 20 10 5 6. 9 10 11 12 Weeky 9. 5n Activity ES LS EF LF TS Create event date 0 (1) Tony 4 7 3. Create Budget (2) Tony, Peggy 4. 7 18 Location/venue (3) 18 Tony 21 28 31 3 Vendors (4) Mildred 28 31 49 52 3 Guestlist (5) Carmela 18 21 24 31 7. Dress/Suites (6) 18 31 28 41 13 Peggy Rehearsal dinner 49 52 55 58 3 (7) Tony, Peggy Get Cake (8) Peggy 18 21 28 31 31 40 45 Book hotel (9) Peggy Completed in: 58 days 28 "number in box is in days" 21

Answer rating: 100% (QA)

Introduction Activity costs are the costs incurred in the performance of activities Th... View the full answer