A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seemvery low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70%complete. The planners were expecting to be only57% through the third activity at this time. The first activity involves prepping the sitefor the bridge. It was expected that this would cost $1,427,000 and it was done for only $1,307,000. The second activity was thepouring of concrete for the bridge. This was expected to cost $10,507,000 but was actually done for $9,007,000. The third and finalactivity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,507,000. To date, they havespent $5,007,000 on the superstructure.be runningCalculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your"performance index" values to 3 decimal places.)Schedule varianceSchedule performance indexCost performance index

From the above given information, the tabularized form can be done as follows, TASK COST…

Answered: A project to build a new bridge seems…

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...

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A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70 percent complete. The planners were expecting to be only 53 percent through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,419,800 and it was done for only $1,299,800. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,499,800 but was actually done for $8,999,800. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,499,800. To date, they have spent $4,999,800 on the superstructure. Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. Note: Round your "performance…
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