PROJECT MANAGEMENT (LOOSELEAF)-W/ACCESS
7th Edition
ISBN: 9781260216011
Author: Larson
Publisher: MCG
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Chapter 5, Problem 5.1.3C
What estimating techniques should be used for a mission critical project such as this?
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Use this table as inputs to answer the questions below:
Activity
Duration
(months)
Predecessors
Total Budgeted
Cost ($)
% Complete
after 3 months
A
2
12,000
100
B
3
15,000
75
с
8,000
80
D
A
6,000
50
E
B
10,000
0
F
E
7,500
G
2
A
4,000
0
If data from timesheets and other accounting records indicate that the actual amount of money
spent on the project so far (i.e. at the end of 3 months) is $31,000, determine the following for
the entire project:
A. Cost variance
B. Schedule variance
2
3
2
4
0
What is the critical route and how important is it to plan a project?
Chapter 5 Solutions
PROJECT MANAGEMENT (LOOSELEAF)-W/ACCESS
Ch. 5.1A - How many labor hours should the eighth satellite...Ch. 5.1A - How many labor hours for the whole project of...Ch. 5.1A - What price would you ask for the project? Why?Ch. 5.1A - Midway through the project your design and...Ch. 5.1A - Near the end of the project, Deutsch Telefon AG...Ch. 5 - Why are accurate estimates critical to effective...Ch. 5 - Prob. 2RQCh. 5 - Prob. 3RQCh. 5 - What are the major types of costs? Which costs are...Ch. 5 - Why is it difficult to estimate mega project...
Ch. 5 - Define what a white elephant is in project...Ch. 5 - Calculate the direct cost of labor tor a project...Ch. 5 - Mrs. Tolstoy and her husband, Serge, are planning...Ch. 5 - Exercise Figure 5.1 is a project WBS with cost...Ch. 5 - Firewall Project XT. Using the complexity...Ch. 5 - At this point, what would you do if you were the...Ch. 5 - Prob. 5.1.2CCh. 5 - What estimating techniques should be used for a...Ch. 5 - Assume you are either Mike or Josh; how would you...Ch. 5 - Prob. 5.2.2CCh. 5 - After cost, what other factors should be...
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