Question: You are the project manager for a construction project. The total cost of the project is $12 million. At this point in the project, your

You are the project manager for a construction project. The total cost of the project is $12 million. At this point in the project, your plan assumed construction would be 65% complete. You calculate the SPI and it is currently 0.97. What do you report to your sponsor about the project's performance? Construction is on schedule. Nothing yet - more variables are needed Construction is behind schedule. Construction is ahead of schedule

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The project manager of a construction project that is behind schedule asked the 1 2 foremen in his project to follow up on the execution of the emergency plan he outlined. He asked them further to...

Responsibility Center Presentation Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have...

Risk Analysis and Management of Construction and Operations in Offshore Wind Power Project Abstract: Many countries have increased the use of renewable energy and strongly promoted offshore wind...

Cost Estimate Vendor A Vendor B VENDOR C Other Total Totals Funding Source Vendor A PM Initials Capital #: Grant #: Cost Center #: Vendor A Account Executive: The signature below represents the...

Answer all questions 1 to 20 A cost incurred in the past that cannot be changed by any future action is: Opportunity cost B Sunken cost Fixed Cost Direct Cost Question 2 Which of the following is NOT...

QUESTION 1 The construction industry was enjoying good time three years ago. During those year, your company bought few excavators to stay competitive in the market. Unfortunately business...

1. The construction industry was enjoying good time three years ago. During those year, your company bought few excavators to stay competitive in the market. Unfortunately business environment...

Hi there - I'm looking to improve my project charter. I will attach my current charter in the comments so please look there. This is for a recreation Center per the picture below. However, my...

A quality management case studydefects in spacecraft electronics componentsShareShareCASE STUDY Quality Management, Complexity June 1 9 9 9 Project Management JournalKuprenas, John A . | Kendall,...

The weights (in pounds) of 19 preschool children are 32, 50, 43, 22, 42, 45, 21, 49, 34, 39, 47, 24, 33, 35, 23, 26, 31, 40, 46

Given one initial condition y(0) = 0, find a value of parameter a such that the solution of the IVP y"(t) +9y(t) = 88 (t7), y(0) = 0, y'(0) = a, satisfies the condition y (-) = = 1.

The number of women graduating from 4 - yr colleges in a particular country grew from 1 9 3 0 , function that fits the data, and the exponential growth rate. Find an exponential function that fits...

Using the graph below, answer the following questions: 1. Copy the graph and identify (label) fixed costs, variable costs, total revenues, the total cost line, and the break-even point. 2. Determine...

After firing DAmato, the board one month later adopted virtually the same restructuring plan he had proposed. What an injustice! Discuss.

How much of a price premium do you think national brands ought to command over private brands? Justify your position.

Critics have decried the lack of focus of Borden. What does this mean? How can the criticisms best be resolved?

Wakefield, Inc., offers a CPA review course in cities throughout the eastern United States. Wakefield hires local CPAs to do the teaching. Each instructor is paid $115 an hour to teach the course; a...

A pointer holds a memory address.

4. Imagine an everyday task that you find difficult or troublesome to perform. Think through the entire sequence of activities with this everyday task. How do you go about making this a success? How...

2. Imagine a real event that was problematic in your past. What images, sounds, emotions, smells and tastes appear? Try to imagine a movie clip of this inci-dent, as it could unfold if the...

5. How can I help others in the network achieve their goals?