3) Use the earned value table for Project Terrace to calculate their estimated cost to completion (all dollaramounts are in hundreds).ActivityLandscapedesignRetaining wallDirt workMove utilitiesSprinkler systemPlantingPlanCumulativeActualDuration in days361212121215181018913|46142412213149331513121548% Comp100505101010

Here, I would use the earned value analysis for this project to determine the Estimated cost to…

Answered: Use the earned value table for 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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A leading artist is working with a specialist metalworking firm to produce an ambitious piece of public art that will stand in the main square of a city. The project is controversial – many citizens feel the artwork will clash with the traditional architecture of surrounding buildings. However, the mayor is firmly behind the project. A large share of the cost of the artwork is being met by a donation from a successful local entrepreneur. They have made it clear that they will stop the funding at any time if they feel the project is not being properly managed and there is a risk that the artwork will have the kind of construction and public safety problems that similar artworks have had elsewhere. Suggest four ways you think would keep this person supporting the project as the work proceeds. For each of these ways, state who would be responsible for it. How, when and where would each way be done?
Note: end of the question answer also given. I want A&D only. Onc aagain remember I want only A&D part A. What is the probability that path A-B-D-F-G will take from 100 to 120 days to complete? Answer = 40.2% B. What is the probability that path A-C-E-G will take less than 85 days to complete? Answer = 32.64% C. If the contract for the above project is 120 days, what is the chance of meeting the schedule? Answer = 86.3% D. What duration (number of full days) should be used to be at least 90% confident of finishing on time? Answer = 125 days - Probability of 93%
Construct a PERT network from the following table. Find the critical path and variance for each event, if tō, tp, and to represent most optimistic, most pessimistic, and most likely times respectively. Activity 1 - 2 1 3 to 4 1 tp tm 1 3 2-4 2 7 1 3 5 7 3 4 3- 6 4 - 5 2 9 2 5 3 4-6 5 6 3 - 1 3 6-7 7 6 2
A group of developers is building a new shopping center. A consultant for the developers has developedthe following table of activities, durations and predecessors. Determine the earliest start times andfinish times, latest start and finish times, activity slack, critical path and duration for the project. Thereis a Bonus for finishing the project at 90% of the projected date. The bonus for early completion is$50,000. Which activities should be crashed, if the cost for 1 week reduction, for any activity, is $3500per week, and what is the total cost of crashing? And, Net Bonus, if any.
The chart below shows the initial investment and expected yearly payback for Project A and Project B Project A Project B Initial Investment $ 300,000 $ 450,000 Expected Yearly PayBack $ 45,000 $ 90,000 For Project A, There has been a change in the expected yearly payback. Years 1 and 2 – you are expecting $45,000 each year. For the next three years, you are expecting $70,000 each year. What would be the average ROI for this alternative?
Jamison Construction has implemented a cost estimation system using regression analysis. The variable cost per hour of labor is $35 and the fixed cost was determined to be $125,000. If Jamison projects it will be working 200,000 hours in 2019, what is the projected total cost?
Duration and requirement of workforce for each activity is tabulated below for a network Activity Duration Number of men 1-2 3 5 2-4 2 3 2-3 3 7 3-4 0 0 3-5 3 2 4-5 7 2 3-6 2 1 5-6 6 6 4-6 5 5 (i) Draw the network and comment on the scheduling of activities to smoothen the development of the workforce (ii) Indicate the maximum crew size in each case (iii) Re-schedule the activities for smooth development (iv) Find the project schedule if only 4 men are available
Rare Agri-Products Ltd. is considering a new project with a projected life of seven (7) years. The project falls under the government’s subsidy program for encouraging local agricultural products and is eligible for a one-time rebate of 25% on any initial equipment installed for the project. The initial equipment (IE) will cost $41,000,000. An additional equipment (AE) costing $3,500,000 will be needed at the end of year 3. At the end of seven (7) years, the original equipment, IE, will have no resale value but the supplementary equipment, AE, can be sold for $50,000. A working capital of $1,350,000 will be needed. The project is forecast to generate sales of agri-products over the seven years as follows: Year 1 70,000 units Year 2 100,000 units Years 3-5 250,000 units Years 6-7 325,000 units A sale price of $150 per unit for the first two years is expected and then decline to $90 per unit thereafter as the newness of the product loses some sheen. The variable expenses will amount to…
How is the terminal project balance equivalent to the net future worth of the project?
Describe the method of developing cost estimates using WBS.How are these figures combined to arrive at the approximate net cost of the project?
You are the Project Analyst for Nairobi Project Advisors who have been asked by a client to advise on which of the following two projects should be accepted. Each project costs US$ 10,000 and each entails a 12% cost of capital: Year Expected Net Cash flows Project X Project Y 0 ($ 10,000) ($ 10,000) 1 6,500 3,500 2 3,000 3,500 3 3,000 3,500 4 1,000 3,500 a) Advise on which project should be undertaken using the Pay Back Period (PBP), Net Present Value (NPV), Internal Rate of Return (IRR), and Modified Internal Rate of Return (MIRR) assuming: i. The projects are independent ii. The projects are mutually exclusive

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