A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be runningvery low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 68percent complete. The planners were expecting to be only 55 percent through the third activity at this time. The first activity involvesprepping the site for the bridge. It was expected that this would cost $1,418,500 and it was done for only $1,298,500. The secondactivity was the pouring of concrete for the bridge. This was expected to cost $10,498,500 but was actually done for $8,998,500. Thethird and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,498,500. To date,they have spent $4,998,500 on the superstructure.Calculate the schedule variance, schedule performance index, and cost performance index for the project to date.Note: Round your "performance index" values to 3 decimal places.Schedule varianceSchedule performance indexCost performance index

Given, First activity expected cost = $1418500 Second activity expected cost = $10498500 Third…

Answered: A project to build a new bridge seems…

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 project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70% complete. The planners were expecting to be only54% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,419,000 and it was done for only $1,299,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,499,000 but was actually done for $8,999,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,499,000. To date, they have spent $4,999,000 on the superstructure. Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3…
A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 60% complete. The planners were only expecting to be 50% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,420,000 and it was done for only $1,300,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,500,000 but was actually done for $9,000,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,500,000. To date they have spent $5,000,000 on the superstructure. Calculate the schedule variance, schedule performance index, and cost index for the project to date. How is the project going?
A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70% complete. The planners were expecting to be only57% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,427,000 and it was done for only $1,307,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,507,000 but was actually done for $9,007,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,507,000. To date, they have spent $5,007,000 on the superstructure. be running Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3…
A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70 percent complete. The planners were expecting to be only 53 percent through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,419,800 and it was done for only $1,299,800. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,499,800 but was actually done for $8,999,800. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,499,800. To date, they have spent $4,999,800 on the superstructure. Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. Note: Round your "performance…
The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. What is the probability that project can be completed two months early?
Develop a CPM diagram for the activities/relationships listed below (assumedurations are in months). For each activity calculate the Early Start, Late Start, EarlyFinish, Late Finish, Total Float, and Free Float. Clearly identify the critical path forthe project (hint: a highlighter would be a good tool to use) How do you solve this? I don't understand how it's done.
In the space provided below create the network diagram that shows the relationship (logic) of project activities shown below and then number each event. 1. In a given project activities "A, B and C are initial activities that may begin at the same time 2. -----"D" cannot begin until "A" is complete. 3. ----- "B" must be complete before E can begin. 4. ----- "F" cannot start until "C" is finished. 5. ----- "G" cannot begin until "B" is finished. 6. ----- "G" and "D" must be done before "H" can begin. 7. ----- "I" cannot begin until "B" is finished. 8. ----- "J" can begin only after "F" and "I" are complete. 9. ----- Once "E" is complete, "K" can begin. 10. ---- The project will be finished when "H" "J" and "K" are complete.
Y8 You have recently joined an ongoing project. The cost of the project is 350,000 USD, and 150,000 USD has already been spent and 40% of the work is actually completed. However, according to the schedule, 43% of the work should have been completed to date. Determine the EAC.
A T= 4 T= 3 F T= 3 T= 3 D E G T= 1 T= 2 T= 2 The network diagram of a project along with the activity durations (T) is given in the figure. Which activities form one of the critical paths? @orsdemir. Copyrighted Content. Cannot be posted. CDEG O ABF О СВF O CF O None of these
IMPORTANT NOTE: All Project Management Questions are from the same Project. You only need to solve the project one time. The CEO of Carol O'Lights Manufacturing, produces custom-built relay devices for auto makers. The most recent project undertaken by Ms. O'Ligi requires 11 different activities. The activities necessary to build an experimental relay model and related data are given in the following table. What is the Late Finish on Activity A? ACTIVITY DESCRIPTION PREDECESSOR A B C 0000000 D 7 E F G H 1 J K 10 11 12 13 14 Order new Machinery Plan new physical layout Determine safety changes in existing machinery Receive equipment Hire new employees Make plant alterations Make changes in existing machinery Train new employees Install new machinery Relocate old machinery Conduct employee safety orientation C B, D A, E E F, G F, G D H, I, J TIME (WEEKS) 6 4 2 1 4 10 2 6 11 16 8
Time frame is the project timeline from start (building the factory) to finish (start of production). Remember you can only start production after Government Building inspection and approval. so, what is the time frame of yogurt manufacturer?
You are developing a performance progress report for a project you are managing. The following time-phased budget was developed earlier in the planning stage and is being used as the standard against which the project performance is measured. Work Packages A B C Total W1 4 4 W2 8 8 W3 2 W4 5 5 W5 9 19 W6 6 6 You are analyzing the project performance at the end of Week 5. Activity "C" is 80% complete and its actual cost is 15. What is the schedule variance of this activity? Use two decimal places in your calculations.

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