Cumulative cost curve comparing actual versus planned costs

Assignment Help Operation Management
Reference no: EM131233542

Following are cost and schedule data for a project that is underway.

Using the cost data in the cost table above, create a cumulative cost curve comparing actual versus planned costs

Using the schedule data in the schedule table above, create a Gantt chart comparing actual versus planned schedule performance

Summarize in words what you see project status to be at this time. What do you predict regarding the final cost and final schedule for the project?

Reference no: EM131233542

Questions Cloud

Federal approval of tan extensive skiing development : The Sierra Club, an organization devoted to the conservation and maintenance of national forests, sued the Secretary of Interior to prevent federal approval of tan extensive skiing development. The secretary asked the court to dismiss the suit on the..
Determine the approximate length of a production in days : A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 30 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $4 per ton a year. How many bags ..
What do you believe are the root causes for late deliveries : Your deliveries to retail stores have not been on time lately, and neither have the departures of loaded trucks from your distribution centers. Load times are well within standards, but the trucks are just not getting on the road on time. What do you..
Effective prioritization of product features : Key to Successful Time-boxed Scheduling: Effective Prioritization of Product Features. Brandon Walsh is new product development manager for automaker ModernVehicles. He employs a focus group to help him determine what key features his new vehicle sho..
Cumulative cost curve comparing actual versus planned costs : Following are cost and schedule data for a project that is underway. Using the cost data in the cost table above, create a cumulative cost curve comparing actual versus planned costs. Using the schedule data in the schedule table above, create a Gant..
Forecasting is defined as to take decision for future : Forecasting is defined as to take decision for future on the basis of current and past conditions. To take important organizational decisions, we need to analyze the available information and data. Taking decision without analyzing the data and infor..
Appropriate numbering system to identify tasks and sub-tasks : Create a task oriented, tabular WBS for the same project covered in task 1 above. Make it three levels deep, where the top level is the overall project, the next level down is the task level, and the third level down is the sub-task level. Be sure to..
Linear programming model to abstract your decision problem : Suppose you have $800K to invest in a mix of stock and bonds and you do not like your basket to contain more than 60% stocks. Historically you know the average annual return for the stock and bond are 16% and 5% respectively. Formulate a linear progr..
Kept the economic power relationships in balance : A key critique of the ethical theory of Mill and the corresponding economic model of Adam Smith is that: One definition of vocation is: Which of these is not one of the landmark pieces of legislation that kept the economic power relationships in bala..

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