Practice Question EVM:A simple project consists of five tasks and is scheduled to take 13 weeks to complete. The actualstatus of the project at the end of week 9 is given in the following table:Project PlanTask | Duration Start(weeks)Actual statusActualcurrent cost completeS350S225$475$300EndBudgetPercentweek week$300100%100%$250$450$600$500B2100%75%75%C447.9.13D368$300a) For each activity, compute the ACWP, BCWP, BCWS and add the columns to get theprojected total. Record your answers in the table below.TaskACWPBCWPBCWSEb) Calculate: CV,SV,CPI, and SPI:

ACWP = The actual cost of work performed is the cost actually incurred & recorded in completing…

Answered: Practice Question EVM: A simple project…

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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Example 2.39 Table 2.119 provides normal and crash times as well as normal and crash costs for the activities of a project. Table 2.119 Project activity details Activity Normal Time (Weeks) Normal Cost (Lakhs) Crash Time (Weeks) 1-2 3 5 2-3 4 8 2-4 3 4 2-5 8 S 3-6 4 3 4-6 6 2 5-7 5 10 6-7 3 7 1 3 2 7 2 4 4 1 Crash Cost (Lakhs) 9 14 6 6 5 3 14 10 Project Network Analysis-1 | 141 (a) Draw the network and find the critical path. (b) Using the above information, crash or shorten the activities step by step until the shortest duration is reached. MMM, VI Sem, Mumbai Univ, 2006
Required: Develop a schedule for hiring new employees. What is thetotal cost of this schedule?
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Can i get help with the question below please and thank you 16) This could be a rover, probe/satellite, manned mission, telescope, etc. This mission must be accomplished using technology that is available today (no Warp or Epstein drives) and must be accomplished within your lifetime. Your mission will not be a copy of a real mission. Constraints: ▪ Answer using the underlined subheadings at each point below (Mission Objective, Target, Instrumentation), marks will be deducted for poorly organized answers. ▪ You target must be reachable by whatever you are sending within a human lifetime (~75 years), it would be nice to visit Gliese 581c, but it is 20 light years from Earth so for now it is unreachable. What this means is that you are constrained to our solar system except for telescopes that peer into the universe or a probe getting to interstellar space. ▪ If your mission includes sending humans, then we need to estimate a reasonable limit on how far we can send humans. For our…
Answer the questions in this section.Important note: Questions that require diagrams can be answered on a Word document. Ensure that your answers are clearly labelled.QUESTION:Manufacturers is considering renovating their offices at their head office.1. Use the generated information to calculate the Net Present Value of the project, to decide whether to go ahead with the project.Investment required R200 000Expected economic lifetime 5years.Minimum required rate of return 10%Net annual cash inflows1st year R40 0002nd year R100 0003rd year R90 0004th year R40 0005th year R30 000
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Time Immediate Time Immediate Activity (weeks) Predecessor(s) Activity (weeks) Predecessor(s) A 7 4 7 B 3 11 C, E 1 7 D.F Dave's earliest start (ES) and earliest finish (EF) are: Activity ES EF 7 B 10 7 E 11 G 22 20 Dave's latest start (LS) and latest finish (LF) are: Activity LS LF H 15 G 11 F 9 E 7 D 14 A The slack times are: Activity Slack A D E F G H The activities on the critical path are The total project completion time for Dave = weeks.
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Part 1: The 5 project management groups have wide industry application in modern day project management. By using practical examples of your choice, demonstrate the practical application of the project management processes in bringing a project to a successful end (Detailed response required, also acknowledge information sources). Part 2: A gantt chart is widely applied in project management as a project scheduling tool,whose format is in bar chart form. Critically examine a gantt chart as a project scheduling tool and practically demonstrate how it can also be used as a project planning and control technique (Detailed response required, also acknowledge information sources).
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