Compute the schedule variance and cost variance

Assignment Help Operation Management
Reference no: EM131369961

a. In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400. Compute the Schedule Variance and Cost Variance for the project.

b. On day 51 a project has an earned value of $600, an actual cost of $650, and a planned cost of $560. Compute the Schedule Variance, Cost Variance, and Cost Performance Index for the project. What is your assessment of the project on day 51?

Reference no: EM131369961

Questions Cloud

Explain importance and benefits of using critical thinking : Discuss the importance and benefits of using critical thinking. Relate the importance and benefits of critical thinking to the example provided. Discuss ways you might use critical thinking in your current job or chosen career path.
Members collaborate in developing a project schedule : Discuss at least five benefits a project team is likely to gain if members collaborate in developing a project schedule. Cite examples not presented in this chapter.
How the child is the father of the man : What is there in Bruce's Asbury Park days that you think had a meaningful effect on him as the kind of singer/songwriter he's become. Be specific and avoid all generalizations.
Estimate the torque needed to overcome the friction : A ceiling fan consists of five blades of 0.80-m length and 0.10-m width which rotate at 100 rpm. Estimate the torque needed to overcome the friction on the blades if they act as flat plates.
Compute the schedule variance and cost variance : In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400. Compute the Schedule Variance and Cost Variance for the project. On day 51 a project has an earned value of $600, an..
Key leadership and management traits : Using the Internet and Strayer University databases, research Starbucks' organizational culture and the key leadership and management traits used to execute the business strategy.
Write a memo of that proposes a solution to the dilemma : Write a memo of approximately 1,000 words that proposes a solution to the professional dilemma you identified at the start of the class. The memo should Be written for your supervisor.
What are some of causes of incivility in nursing education : Clark and Springer (2007) conducted a qualitative study to examine the perceptions of faculty and students in a nursing program on incivility. Their key research questions were:How do nursing students and nurse faculty contribute to incivility in n..
Ability to deliberate about how to achieve virtuous ends : Aristotle seems to think that it’s not possible for anyone to be born virtuous, but that we need virtuous role models if we’re to become virtuous ourselves. Do you think he’s right? That is, why couldn’t someone simply be naturally inclined to choose..

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