Calculate the schedule variance-schedule performance index

Assignment Help Operation Management
Reference no: EM132262635

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 68% complete. The planners were only expecting to be 54% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,429,000 and it was done for only $1,309,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,509,000 but was actually done for $9,009,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,509,000. To date they have spent $5,009,000 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 decimal places.) Schedule variance $ Schedule performance index Cost performance index.

Reference no: EM132262635

Questions Cloud

Erythromycin antibiotics each day to student patients : The pharmacy at the Longest Student Health Center at MSU distributes roughly 900 pills of erythromycin antibiotics each day to student patients.
An inadequate employee evaluation program : An inadequate employee evaluation program (employees are never sure of how they are actually performing their jobs).
Fairly standardized and demanded in large volumes : Which business strategy waits for the product to become fairly standardized and is demanded in large volumes?
Discuss the three forms of equity in reward strategy : Discuss the three forms of equity in reward strategy and how they interrelate to each other. Which should be most important and why?
Calculate the schedule variance-schedule performance index : Calculate the schedule variance, schedule performance index, and cost performance index for the project to date.
High-quality hair-styling and physical relaxation services : Mr. K’s is a very popular hair salon. It offers high-quality hair-styling and physical relaxation services at a reasonable price,
Preparing report that details the end of the design phase : In this week, you will additionally focus on preparing a report that details the end of the design phase.
The quality control process : What does Control Quality monitor and what does it compare the results to? How do inspection and prevention differ?
What are the key activities of close project or phase : What are the key activities of Close Project or Phase? Why is formal acceptance and closure such an important output of the closing processes?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd