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 runningvery low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 68percent complete. The planners were expecting to be only 55 percent through the third activity at this time. The first activity involvesprepping the site for the bridge. It was expected that this would cost $1,418,500 and it was done for only $1,298,500. The secondactivity was the pouring of concrete for the bridge. This was expected to cost $10,498,500 but was actually done for $8,998,500. Thethird and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,498,500. To date,they have spent $4,998,500 on the superstructure.Calculate the schedule variance, schedule performance index, and cost performance index for the project to date.Note: Round your "performance index" values to 3 decimal places.Schedule varianceSchedule performance indexCost performance index

Given, First activity expected cost = $1418500 Second activity expected cost = $10498500 Third…

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...

See similar textbooks

Similar questions

The Cove at UP is looking to open a new location. Guillermo Santiago has been developing a project plan and has identified the following tasks, precedence relations, and normal task durations. \ tasks predecessors task duration start 0 A start 7 B A 20 C A 34 D B 39 E C,D 6 F D 15 G E,F 33 end G 0 Guillermo has studied project management at the University of Portland and knows that the starting and ending time of any task may be determined from the information in the table using the critical path method. Assume the following notation when answering the questions below: \ Metric Description ES Early start time for task EF Early finsh time for task LS Late start time for task LF Late finsh time for task TS Total slack for task FS Free slack for task IS Independent slack for task SS safety slack for task Please provide the CPM result for each of the following metrics: ES_{end} = LS_{D} = TS_{D} = EF_{G} = LF_{G} =
A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Schedule Variance (SV)?
Given the following data:ActivityPredecessorDuration (days)a-10b-15ca17db5eb4fc15gd7he8if12jg,h,i104.1 Draw the network (AON) and calculate and calculate the Critical Path. 4.2 Your organization has been appointed to co-ordinate the local government elections.Develop a Work Breakdown Structure (WBS) – graphical format for this project.
Having been informed recently that you are pursuing a degree in project management at the University of Nairobi, your line manager has asked you to talk to the other employees within the organization on three project processes, namely; project identification, project formulation, and project appraisal. She has asked you to prepare a short paper detailing the rationale for each process, how it is carried out in practice and the resulting artifacts. You are required to set out the paper in response to the request by your line manager.
An activity originally estimated to cost $100,000 and require 30 weeks to complete. Now the activity is on week 10 and $35,000 were spent and is 40% completed. What is the BCWS for this activity?
The following represents a project that should be scheduled using CPM a. Complete the table b. Draw the Network Diagram c. What is the critical path? d. What is the expected project completion time?' e. What is the probability of completing this project within 16 days?
The PERT and CPM methods work by determining the "critical path" for completing a series of interrelated activities. Is this statement correct or incorrect?
Suppose you are the project manager for the following project: First, draw a network diagram for the project. Determine the critical path and slack times for all of the tasks. This completes your plan for the project schedule. During project execution, you become aware of the need to change the duration of Task 4 to five days. Meanwhile, Task 3 has been finished one day early, so it only took one day to do. What, if any, effects do these changes have on your project? What would have happened if you had not been monitoring the status of the project?
13.42 Activity A is worth $100, is complete, and actually cost $150 Activity B is worth $500, is 75% complete, and has actually cost $400 so far Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost to completion for the project?
The following eight activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of the project. Activities A, C, D are completed, E is 50% complete and B is 25% complete. The total cost that has been spent is $10,500. For this project, using earned value concepts, determine the schedule and cost variance. Is the project ahead or behind schedule? Over or under budget? Activity A B VAHE с D F Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4
A project is set to be completed in 12 months with an estimated budget cost of $520,000. 6 months have passed, and expenses were $240,000. The completion of work is set to be $270,000 What is the planned value PV of the project? What is the actual cost AC of the project? What is the earned value EV of the project? Find the SPI and CPI of the project. Is the project ahead or behind schedule? Is the project under or over budget? What is the estimated cost to complete the project?
Outline the properties of PERT, CPM, and PDM. Look for projects (1 for each method) that have implemented successfully using these three.

SEE MORE QUESTIONS

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