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Assume you are the project manager and based on your customer's requirements you have determined there are four main tasks in a Dream Backyard project and have assigned each a TBC. Specifically, the customer wants the backyard leveled (Task 1 - $15,000); wants a covered outdoor kitchen with a hot tub and firepit (Task 2 - $20,000), a retaining wall with fencing built- in (Task 3- $25,000), and a pool with waterfall (Task 4- $60,000). You estimate this will take 5 weeks to complete. The costs are budgeted as follows: Budgeted Per Week (in 000's) TBC 1 2 3 4 5 Task 1 15 6 6 3 4 Task 2 20 2 3 10 4 1 Task 3 25 8 7 8 6 4 Task 4 60 10 25 20 5 What is the total cumulative TBC? What is TBC at the end of week 4? The total TBC is $120,000 The TBC at the end of the week 4 is $110,000 ssume 4 weeks have passed and these are the actual costs per week: Actual Costs Per Week (in 000's) 1 2 3 4 Task 1 12 5 3 Task 2 4 7 16 Task 3 10 5 Task 4 11 17 What is the CAC at the end of week 4? 4 6 15

Assume you are the project manager and based on your customer's requirements you have determined there are four main tasks in a Dream Backyard project and have assigned each a TBC. Specifically, the customer wants the backyard leveled (Task 1 - $15,000); wants a covered outdoor kitchen with a hot tub and firepit (Task 2 - $20,000), a retaining wall with fencing built- in (Task 3- $25,000), and a pool with waterfall (Task 4- $60,000). You estimate this will take 5 weeks to complete. The costs are budgeted as follows: Budgeted Per Week (in 000's) TBC 1 2 3 4 5 Task 1 15 6 6 3 4 Task 2 20 2 3 10 4 1 Task 3 25 8 7 8 6 4 Task 4 60 10 25 20 5 What is the total cumulative TBC? What is TBC at the end of week 4? The total TBC is $120,000 The TBC at the end of the week 4 is $110,000 ssume 4 weeks have passed and these are the actual costs per week: Actual Costs Per Week (in 000's) 1 2 3 4 Task 1 12 5 3 Task 2 4 7 16 Task 3 10 5 Task 4 11 17 What is the CAC at the end of week 4? 4 6 15

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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Assume you are the project manager and based on your customer's requirements you have determined there are four main tasks in a Dream Backyard project and have assigned each a TBC. Specifically, the customer wants the backyard leveled (Task 1 $15,000); wants a covered outdoor kitchen with a hot tub and firepit (Task 2 - $20,000), a retaining wall with fencing built- in (Task 3-$25,000), and a pool with waterfall (Task 4- $60,000). You estimate this will take 5 weeks to complete. The costs are budgeted as follows: Budgeted Per Week (in 000's) TBC 1 2 3 4 5 Task 1 6 6 3 4 Task 2 2 3 10 4 1 8 7 8 6 4 Task 3 25 Task 4 60 10 25 20 5 What is the total cumulative TBC? What is TBC at the end of week 4? The total TBC is $120,000 The TBC at the end of the week 4 is $110,000 ssume 4 weeks have passed and these are the actual costs per week: Actual Costs Per Week (in 000's) 1 2 3 4 Task 1 12 5 3 Task 2 4 7 16 4 Task 3 10 5 Task 4 11 17 What is the CAC at the end of week 4? 1228 15 20 6 15
Transcribed Image Text:Assume you are the project manager and based on your customer's requirements you have determined there are four main tasks in a Dream Backyard project and have assigned each a TBC. Specifically, the customer wants the backyard leveled (Task 1 $15,000); wants a covered outdoor kitchen with a hot tub and firepit (Task 2 - $20,000), a retaining wall with fencing built- in (Task 3-$25,000), and a pool with waterfall (Task 4- $60,000). You estimate this will take 5 weeks to complete. The costs are budgeted as follows: Budgeted Per Week (in 000's) TBC 1 2 3 4 5 Task 1 6 6 3 4 Task 2 2 3 10 4 1 8 7 8 6 4 Task 3 25 Task 4 60 10 25 20 5 What is the total cumulative TBC? What is TBC at the end of week 4? The total TBC is $120,000 The TBC at the end of the week 4 is $110,000 ssume 4 weeks have passed and these are the actual costs per week: Actual Costs Per Week (in 000's) 1 2 3 4 Task 1 12 5 3 Task 2 4 7 16 4 Task 3 10 5 Task 4 11 17 What is the CAC at the end of week 4? 1228 15 20 6 15
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