From the following data, calculate BAC, BCWS, BCWP, ACWP, EV, CV and SV when the StatusChecking Date is May 5, 2017. Is the project over or under budget? By what percentage? Is theproject behind or ahead of schedule? By what percentage?Project StatusStatus Checking Date 5/5/2017Actual EffortEstimatedActual CompletionEstimatedWork Effortby Status CheckingDateCompletion DateTasksDate(mm/dd/yy)(mm/dd/yy)(Person Days)(Person Days)102/5/20172/5/201715203/15/20173/25/201720254/25/20174.25255/5/20174/1/201715105/25/20171056/10/20177 56/15/2017HTML Editor2.3.5.

Project management is the aspect of management that deals with managing and maintaining all the…

Answered: From the following data, calculate BAC,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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

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The following table describes project XYZ Duration Predecessor Variance A 5 2 B 3 A 1 C 13 A 6 D 18 B 2 E 10 B 4 F 4 D, E 1 G 11 C, E 5 H 9 F, G 2 I 2 H 1 Based on the information provided, perform the following tasks: Identify the crucial path and project duration Calculate probability that the project in going to be completed after the day 45
Your company has just received an order from a good customer for a specially designed electric motor. The contract states that, starting on the 13th day from now, your firm will experience a penalty of $100 per day until the job is completed. Indirect project costs amount to $200 per day. The data on direct costs and activity precedence relationships are given in Table. Electric Motor Project Data Activity Normal Time(days) Normal Cost ($) Crash Time (days) Crash Cost ($) ImmediatePredecessor(s) A B C D E F G H 4 7 5 6 3 11 4 3 1000 1400 2000 1200 900 2500 800 300 3 4 4 5 2 6 3 1 1300 1200 2700 1400 1100 3750 1450 500 None None None A B C D,E F,G a. Draw the project network diagram.b. What completion date would you recommend?
Which of the following statements regarding PERT analysis is TRUE? Select one: O a Project variance is the sum of all activity variances. O b. Project standard deviation is the sum of all critical activity standard deviations. O c. Each activity has two estimates of its duration. O d. Only critical activities contribute to the project variance
What is a cost baseline in project management? How can it be applied to monitor and control a project?
A successful project need a project management plan. How to ensure this statement. You may have point from the financial management control. Justify its strengths and its weaknesses
The optimistic duration for a project is 10 weeks. The worst case estimate is 22 weeks, and the most likely duration is 13 weeks. Using 2 sigma estimates and PERT, what is the range of the duration estimate? 12 to 16 weeks 13 to 17 weeks 10 to 18 weeks 11 to 19 weeks
given the following information for a 1-year project, answer the following questions. Assume you have actual and earned value data at the end of the second month. Recall that PV is the plan value, Evie is the earned value, AC is the actual cost, and BAC is the budget at completion.pv =$ 23,000ev = 20,000ac= 25,000bac = 130,000a. what is the cost variance, schedule variance, cost performance index CPI and schedule performance index SPI for the project?B. how is the project progressing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?C. use the CPI to calculate the estimate at completion EAC for this project.d. use the SPI to estimate how long it will take to finish this project.e. sketch the earned value chart for this project, use the figure below as a guide. Assume the data for month one is half of the values given for Pv, Ev and ac at the end of month 2
You are conducting a small IT project. The duration of this project is 30 days, and you have allocated $60,000 for it. Your manager asked you to check how the project is doing financially at the end of day 25. You have spent $40,000 and completed 95% of the work. Calculate the following values for the project so far. The cost variance (CV). The cost performance index (CPI). How is the project doing, is it under budget or over budget? Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
Draw a network representation of the project (nodes = activities, arrows = precedence constraints). Provide early start/early finish as well as late start/late finish times for all activities. What is the duration of the project, and which tasks are on the critical path? Task Description Duration Predecessors A Project Planning 16 days - B Evaluation Existing Apps 20 days - C Define Value Proposition 12 days B D Define User Interface 18 days B E Define Technology Requirements 22 days C and D F Document Requirements 14 days E G Develop Architecture 35 days A and F H Creation Code Design 18 days G I Roadmap Feature Development 12 days G J User Interface Development 74 days H and I K Code Development 92 days H and I L Release Testing 32 days J and K M Get User Feedback 22 days L N Bug Fixing 28 days L O Marketing Plan 54 days E P Release Product 5 days M, N and O
How can we determine the probability that a project will be completed by a certain date? What assumptions are made in this computation?
You are conducting a small IT project. The duration of this project is 30 days, and you have allocated $60,000 for it. Your manager asked you to check how the project is doing financially at the end of day 25. You have spent $40,000 and completed 95% of the work. Calculate the following values for the project so far. The cost variance (CV). The cost performance index (CPI). How is the project doing, is it under budget or over budget? Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
There has to be a comprehensive breakdown of the metrics for both static and path testing, as well as the potential savings for project managers.

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From the following data, calculate BAC, BCWS, BCWP, ACWP, EV, CV and SV when the Status Checking Date is May 5, 2017. Is the project over or under budget? By what percentage? Is the project behind or ahead of schedule? By what percentage? Proiect Status