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a. What is the cost variance? b. What is the schedule variance? c. What is the cost performance index?

a. What is the cost variance? b. What is the schedule variance? c. What is the cost performance index?

Practical Management Science
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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Rob, the project manager of Berwanger, Inc. has been executing a project. On July 30, 2012 the project is 60% complete and he needs help with following measurements: a. What is the cost variance? b. What is the schedule variance? c. What is the cost performance index? d. What is the schedule performance index? e. What is the estimate at completion? f. What is the estimate to complete? g. What is the variance at completion? h. What is the resource utilization efficiency? i. What is the resource utilization index? j. What is the percent complete? k. What is the percent spent? 1. What is the status of the project?
Transcribed Image Text:Rob, the project manager of Berwanger, Inc. has been executing a project. On July 30, 2012 the project is 60% complete and he needs help with following measurements: a. What is the cost variance? b. What is the schedule variance? c. What is the cost performance index? d. What is the schedule performance index? e. What is the estimate at completion? f. What is the estimate to complete? g. What is the variance at completion? h. What is the resource utilization efficiency? i. What is the resource utilization index? j. What is the percent complete? k. What is the percent spent? 1. What is the status of the project?
1. What is the status of the project? Completion PV EV AC Date ($M) ($M) ($M) Jan 31 Feb 27 Apr 30 May 30 March 30 6 8 June 30 July 30 8 August 30 8 13 A 4 3 6 B 20 15 12 10 D 20 20 25 E 8 14 Activity C 21 F G 15 0 0 H Jan 31 8 8 13 A Feb 27 March 30 6 8 4 C Apr 30 May 30 July 30 4 3 6 B August 30 June 30 9 8 4 F Sept 30 15 12 10 D 20 20 25 E 20 14 21 G 15 0 0 H 25 0 0 1
Transcribed Image Text:1. What is the status of the project? Completion PV EV AC Date ($M) ($M) ($M) Jan 31 Feb 27 Apr 30 May 30 March 30 6 8 June 30 July 30 8 August 30 8 13 A 4 3 6 B 20 15 12 10 D 20 20 25 E 8 14 Activity C 21 F G 15 0 0 H Jan 31 8 8 13 A Feb 27 March 30 6 8 4 C Apr 30 May 30 July 30 4 3 6 B August 30 June 30 9 8 4 F Sept 30 15 12 10 D 20 20 25 E 20 14 21 G 15 0 0 H 25 0 0 1
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