1.You’re managing a project to install 400 windows in a new skyscraper and need to figure out your budget. Each week of the project costs the same: your team members are paid a total of $4,000 every week, and you need $2,000 worth of parts each week to do the work. If the project is scheduled to last 16 weeks, calculate the BAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project? 2.You’re managing a highway construction project. Your total budget is $650,000, and there is a total of 7,500 hours of work scheduled on the project. You check with your accounting department, and they tell you that you’ve spent a total of $400,000. According to the schedule, your crew should have worked 4,500 hours, but your foreman says that the crew was allowed to work some overtime, and they’ve put in 5,100 hours of work. Calculate the BAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
1.You’re managing a project to install 400 windows in a new skyscraper and need to figure out
your budget. Each week of the project costs the same: your team members are paid a total of $4,000
every week, and you need $2,000 worth of parts each week to do the work. If the project is
scheduled to last 16 weeks, calculate the
BAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project?
2.You’re managing a highway construction project. Your total budget is $650,000, and there is
a total of 7,500 hours of work scheduled on the project. You check with your accounting
department, and they tell you that you’ve spent a total of $400,000. According to the
your crew should have worked 4,500 hours, but your foreman says that the crew was allowed to
work some overtime, and they’ve put in 5,100 hours of work. Calculate the
BAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project?
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