In this homework assignment, you will be working through two crashing problems and four earned value problems. All the information you need is included within this Homework packet. Make sure you answer all parts of the questions in their entirety. Once you have worked through the problems, please post your responses to the Dropbox. Please refer to the course Syllabus for the due date. PROBLEM 1 Use the network diagram below and the additional information provided to answer the corresponding questions. [15 points] a) Give the crash cost per day per activity. [10 points] A. 800 – 300 / 7 – 3 = 500/4= $125 B. 350 – 250 / 3 – 1 = 100/2= $50 C. 900 – 400 / 6 – 4 = 500/2= $250 D. 500 – 200 / 3 - 2 = 300/1= $300 …show more content…
[2 points] 39 / 34 = 1.14 b) Is the project cost efficient or not efficient? [2 points] It is cost efficient c) Calculate the schedule performance index (SPI). [2 points] 39 / 42 = 0.93 d) Is the schedule efficient or not efficient? [2 points] It is more on the not efficient side since it is lower than 1.0, but it is close enough to 1.0 that it is not very inefficient. PROBLEM 5 [8 points] Day | AC | PV | EV | 65 | $550 | $735 | $678 | a) Calculate the cost variance (CV). [2 points] 678 – 550 = $128 b) Calculate the cost performance index (CPI). [2 points] 678 / 550 = 1.23 c) Calculate the schedule variance (SV). [2 points] 678 – 735 = -57 d) Calculate the schedule performance index (SPI). [2 points] 678 / 735 = 0.92 e) Given these data, what should a project manager do with respect to this project? The project manager is under budget but behind schedule. He/She should spend some of their savings getting more resources to put them back on schedule. PROBLEM 6 [8 points] Day | AC | PV | EV | 65 | $760 | $735 | $678 | a) Calculate the cost variance (CV). [1 point] 678 – 760 = -$82 b) Calculate the cost performance index (CPI). [1 point] 678 / 760 = 0.89 c) Calculate the schedule variance (SV). [1 point] 678 – 735 = -57 d) Calculate the schedule performance index (SPI). [1 point] 678 / 735
When you have finished, submit your work to your teacher. Check the rubric at the end of this document to be sure you are meeting the expected criteria for the assignments.
Communication: Leaders and executive must gain employee trust and confidence and communicate the execution strategy and share the expected results.
Please choose from one (1) of the scenarios below. Note: The scenario that you choose in this assignment will be the one (1) with which you continue for Assignment 2.
Problems #65 - #94 from page 311. Please provide your answer after each problem and submit the file with your answers through Blackboard.
Use the lecture folder to help you complete this guide. The more detail you can provide the better prepared for the test you will be.
In order for the adoption of a portfolio management process (which would be new to this unit) to be successful, the following steps must be followed under the guidance of the portfolio management, and in collaboration with the individual project managers and PMO:
I am the Project Manager developing the Boeing 787 Dreamliner. The development of this state-of-the-art airplane will include an international team of aerospace companies led by Boeing. The advances in this airplane will reduce the use of fuel by 20%, increase cargo capacity, increase nautical miles in a mid-range airplane, and improve passenger comfort. Boeing
The course text discusses AS/NZS 4360 approach, which consists of a 5-phase process to manage and control risk. According to the text the risk management process phases are establish context, identify, establish and treat risk while continuously communicating, monitoring and reviewing risk (Cooper, 2005). The premise of risk management is to uncover and understand as much as possible about risks as early in the project as possible. The more one knows about risks the easier it is to make decisions for correct responses. The alternative to risk management is crises management, which in many instances is more costly, and more time consuming. Clements & Gido define a project as “an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resource “(Gido 4). I had many opportunities to develop a Military Retirement Ceremony, so I decided to approach it as a project risk management plan. At the time I did not know it but we were using the project risk management approach discussed in the text to address the risk associated with the event. The Military Retirement Ceremony project planning began the same as most projects do by determining the objectives. The objectives are described in terms of deliverable, schedule and budget. The sponsor and the customer must agree upon the scope of any project. In this project I worked along side the sponsors.
Refer as needed to material in Chapters 12 and 13. Read the instructions carefully and answer all questions clearly and concisely. Include examples to highlight your comments.
the name. The segments should be in simplest everyday terminology so the personnel assigned to
A medium-sized firm Clean fabrics Inc in United States has increased the company’s revenues strategically about $350 million dollars per year. The company struggles to meet the objectives of expanding the company along with the cost control. The vision of the company is to provide the right choice to the clients and supplying the support services for the cruise ship industry in the different parts of the world operating in the areas of hotel and travel. The services are supplied to major hotel chains and cruises including linen services in the south east area of United States. Comparatively, the cruise ship industry provides the company with an
I'm am in your course but I have had some internet trouble this last week. My internet just got back online last night. I will be signing up for everything tonight and hopefully have some of it completed. I'm sorry for any inconvenience this has caused.
We used PV (planned Value), AC (actual cost), and EV (earned value) to calculate SPI (schedule performance index), SV (schedule variance), CPI (cost performance index), and CV (cost variance). Among these indicators, SPI and SV show whether a project is behind schedule or not, and CPI and CV indicate whether a project is under budget. Therefore, the statuses of the schedule and cost of technical infrastructure, software customization, and combined projects can be easily and clearly checked, respectively.
6) Return the Solutions pages to be graded. Put a copy in the course folder and send me an electronic copy that I will grade and return to you along with the approved solution.