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Given the following information for a one-year project, answer the following questions: Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $23,000; EV = $20,000; AC = $25,000; BAC - $120,000
What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
Use the schedule performance index (SPI) to estimate how long it will take to finish this project.
Mike Singletary, president of Singletary industries, wishes to issue a press release to bolster his company's image and maybe even its stock price which has been gradually falling. Who are the stakeholders in this situation?
Discuss the techniques that companies are using today for estimating time and cost in their projects.
Discuss what the challenges in the activation of the project were, and how these challenges were resolved or will be resolved.
Develop a policy that is specific for reducing the hazard/incident.
Taking a cue from the above, planning is a scrupulous effort that needs to be well documented in order for projects to succeed.
What is an example of expected-value decision rule in a workplace?
Suppose you now wanted to calculate duration estimates for these activities. How would you make use of the following approaches?
What criteria would managers use to manage this trade-off? How do social analytics aid an organization?
Depreciation is based on the asset cost plus all of the following except:
Is it possible for a project to have more than one critical path? Responsibilities of the project manager.
With the Cost one calculates PV EV and AC.
Critical path and critical project requirements could indeed be separate issues. This is why you need to determine Priorities (Constrain, Enhance, and Accept) as we discussed last week.
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