In a recent review meeting, the client hasinsisted you complete the project on time.You would like to get the Estimate atCompletion for your project, so youperform Earned Value analysis and get thefollowing data: the value of the completedwork is $176,500; you have spent$223,500; and the planned value is$229,100. The initial budget of the projectis $419,500. What is EAC?Your answer should be rounded to thenearest whole number, for example123,456.73 should be rounded to123,457.A

Given data is Earned value (EV) = $176,500 Actual cost (AC) = $223,500 Planned value (PV) = $229,100…

Answered: In a recent review meeting, the client…

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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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?
Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity D. Activity C is connected to activity E. Activity D is…
As the project Manager of a Special Project you and your team are receiving the performance metrics of your project. The planning/accounting manager offers the chart below for the team to analyze. a)Based on the data provided, finish by filling in the values of CV/SV?CPI and SPI in the chart. explain what you will tell your maager about the status of the project.
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?
Refer to exercise #6 (page 54) in your textbook. Given the information in that exercise, which one should be Broken Arrow's first priority (you must include values for NPV/ROR/ROI and/or other information used to finalize your decision)? Calculate NPV for the project with first/highest priority. What is the maximum investment level for the project with the lowest priority that will lead to the same NPV as that for the project with first/highest priority (assume that the revenue stream does not change for that project)? Hint: You may use Excel's goal seek method (shown in the Chapter2_help file) to find the unknown investment value in year 0, given known revenue stream, final NPV value known from the project with highest priority, and rate of return (ROR) as 20%. Note: You must include values for NPV/ROR/ROI and/or other information used to finalize your priority. Answers provided without quantitative reasons will receive zero credits. Use the editor to format your answer
The expenses for your project are consistently showing the same CPI for each month of the project completed so far, and there are two months left in the project. Which formula should you use to calculate the project's estimate at completion? A) AC + ETC B) BAC / CPI C) AC + (Remaining PV / CPI) D) AC + BAC - EV
Montgomery Healthcare System is a health system that has 14 hospitals and 32 outpatient clinics. The leader is responsible for working with a team of health professionals to improve clinical errors, compile reports, implement evidence based management practices, and collaborate to provide training to health professionals at all levels. The leader is working with an interdisciplinary team of various specialties, backgrounds, and personalities. This is a high visibility project as the CEO wants weekly reports on progress based on the outcomes. Unfortunately there are a few team members that do not get along and it is challenging to get these professionals to work together to achieve the goals defined. Please remember to write from a 3rd person perspective and use references to support ideas, assumptions, and answers for this analysis. Thank you! Please write a paper describing the following: Who's on the team? Define team roles? What is the actual interpersonal conflict? How…
During the planning phase, the team is fully engaged in the development of scope of work, design criteria, key deliverables, execution strategy, project timeline, cost estimates and resource planning, however often there are important areas that could be overlooked due to time constraints or lack of focus. What are the critical aspects to oversee?
please answer within 30 mins.
The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 14 The expected value of the project cost is $_______ thousand. a 109.364 b 112.746 c 116.233 d 119.828
Answer all. What are the critical activities? What is the expected project duration? calculate the variance of the project What is the standard deviation (te) for the project? Suppose that management allotted 13-unit time for the project. What is the probability that we will meet the 13-unit time deadline? If management wants to have a 0.99 probability of meeting the time, what should be the scheduled project duration?

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