3. Project Monitoring (Earned Value Analysis)You have been given a project to transfer 10,000 units of water from the South to theNorth over 50 days. You planned to produce at a steady rate of 25 units per day. Thebudget cost per unit of water is 50p. The total project budget is £5000. At the end ofday 10 you have transferred 130 units at a cost of £950 (AC).a)Calculate the Planned Value (PV) and theEarned Value (EV) of the projectb)Calculate the Schedule Variance (SV) and theSchedule performance index (SPI)c)Calculate the Cost Variance (CV) and theCost performance index (CPI)d) Calculate and explain the Estimate at Completion (EAC) Case StudyThe South-to-North Water Diversion Project in China is the largest of its kind everundertaken. The project involves drawing water from southern rivers and supplying itto the dry north.This massive scheme has already taken 50 years from conception to commencementand is expected to take almost as long to construct. Planned for completion in 2050, itwill eventually divert 44.8 billion cubic metres of water annually to the populationcentres of the drier north.When finished, the work will link China's four main rivers - the Yangtze, Yellow River,Huaihe and Haihe - and requires the construction of three diversion routes, stretchingsouth-to-north across the eastern, central and western parts of the country.The complete project is expected to cost $62bn - more than twice as much as thecountry's controversial Three Gorges Dam.

Given- Budget at Completion = £5000Actual cost (AC) = £950Total Output = 10,000 unitsSteady Rate =…

Answered: 3. Project Monitoring (Earned Value…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

This is in reference to the AURA resedential development project, which consists of 39 high end units and this project was done by NCB Group in Grand Cayman. This is for a project management course so please answer as such. Explain the processes and/or activities that the project team used to deliver a quality service, result, or product to the sponsor, customers, and users.
How can this situation be prevented from occurring again?
Integrated Health was a large private, nonprofit health care system located in Tempe,Arizona. A year ago, the decision was made to implement a computerized medication administration record (MAR) at Integrated Health. During the first year, the MAR system would be implemented at Central Hospital of Tempe. After the “bugs” were worked out, the computerized MAR would be implemented system-wide. The MIS department at Central Hospital was designated as the initiator and direction setter for the project. Art Smith, the Chief Information Officer at Central Hospital assigned Kate Cohen, a programmer/analyst, as project leader. Kate had the responsibility for developing and implementing the MAR project at Central. Kate did the programming work for the MAR and assembled a team from Pharmacy Services, Nursing Services, and Internal Auditing. Members of the project team provided feedback on the software, made suggestions related to user training, and worked on an implementation schedule. Both team…
Please answer all parts.
V what is feasibility Report ?Define when and why we need it And also define who prepare this document.
Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a number of activities that must be completed before a training program of this nature could be conducted.The activities, immediate predecessors, and times appear in the accompanying table:Activity Predecessor (S) Time (Days)A - 2B - 5C - 1D B 10E A;D 3F C 6G E;F 8what is critical path
Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a number of activities that must be completed before a training program of this nature could be conducted.The activities, immediate predecessors, and times appear in the accompanying table:Activity Predecessor (S) Time (Days)A - 2B - 5C - 1D B 10E A;D 3F C 6G E;F 8what is the critical path
i need the answer quickly
Project Risk Analysis Sydney, Australia’s M5 East Tunnel was constructed under strict budgetary and schedule requirements, but given the massive traffic delays now hampering commuters, the requirements may have been excessive. Due to an inexpensive computer system with a high failure rate, the tunnel’s security cameras frequently fail, requiring the operators to close the tunnel due to inability to react to an accident, fire, or excessive pollution inside the tunnel. The tunnel was built to handle 70,000 vehicles a day, but it now carries 100,000, so any glitch can cause immediate traffic snarls. A managerial risk analysis, including the risk of overuse, might have anticipated these problems and mandated a more reliable set of computers once the costs of failure had been included. Required: As the project manager, discuss the risk management process you think might have identified the danger in using a cheap computer system Discuss the type of risk analysis approach you think would…
CASE STUDY - Bricks and Mortar This coursework concerns the development of information systems for the branch offices of Bricks and Mortar, a rapidly expanding estate agency in the south of England. The attached information was gathered in an interview with Mrs Kate Hudson, joint owner and managing director. Bricks and Mortar are considering computerising and "internetting" the main part of their business: that carried out in the branch offices; the selling and marketing of houses. They called this the "Business Improvement Project" (BIP). It is hoped that this will enable Bricks and Mortar to become the premier estate agent in the south of England although with the drop in demand to buy houses as the rental market expands coupled with new internet based estate agents emerging this could be a tough target to meet. However, the BIP should allow costs to fall as there will be a need for fewer administrative staff especially if they switch away from advertising in newspapers and move onto…
What are the limitations, weaknesses/constraints or obstacles to be overcome? Background of the Case Kakay is a client of BBF foundation for almost 5 years. BBF foundation cater for children and families in street situation. She was among the children who went to the foundation during its opening to avail its feeding program and free check-up services. She has a boy cut hair, brown complexion and a missing front tooth. She is 5 foot tall and 50 kls. in weight. She is physically healthy upon medical check-ups in the foundation. It was observed by the BBF staff that the child always laughs even though she is being reprimanded, finds it hard to follow some instructions and cannot speak some words clearly unlike those children who were her age. On the other hand, she can attend to her personal needs like taking a bath, changing clothes and eating. She can also help in the chores in the center, can assist in cooking and go to places like the school, market and the areas where she usually…
Quarter 2 Flora Co intends to expand the business to include a home delivery service. The delivery van is expected to cost $20,000 and the business has a 60% chance of the new delivery service being successful. The following decision tree has been produced to represent this decision. The final profit figures in the decision tree are based upon whether demand is good or poor for the new delivery service. Expand Cost of van ($20,000) Key D Don't expand Decision Outcome Success 0.6 Failure 0.4 A B Good 0.7 Poor 0.3 Good 0.2 Poor 0.8 $600,000 $100,000 $10,000 $8,000 $0

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS