Find the cost and schedule variances

Assignment Help Operation Management
Reference no: EM131920664

Problem .

The following project is at the end of its 6th week. Find the cost and schedule variances. Also find the CPI and SPI.

Then find the critical ratio of the project using earned value calculations. Finally, calculate the EAC for the project by at least two different methods.

Activity Predecessor Duration (wks)

Budget ($)

Actual Cost ($) %

Complete

a - 2 600 400 100

b - 3 150 180 100

c a 2 250 300 100

d a 5 500 400 20

e b, c 4 400 200 20

a. CV =

b. SV =

c. CPI =

d. SPI=

e. CR=

f. EAC=

Reference no: EM131920664

Questions Cloud

Compute the mse and mad for each forecast : Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months.
What range of call minutes will each plan be optimal : here are three plans to choose from, all of which involve a monthly service charge of $20.
Determine ms davies medical expense tax credit : Ms. Sarah Davies and her spouse, John, have 2015 medical expenses which total $4,330. Determine Ms. Davies' medical expense tax credit for 2015.
Calculate the least-cost means of shipping supplies : The cost of flying a widget are shown next. Widgetco wants to minimize the total cost of shipping the required widgets to customers.
Find the cost and schedule variances : Problem 3. The following project is at the end of its 6th week. Find the cost and schedule variances. Also find the CPI and SPI.
How much estate tax will fuller save : How much estate tax will Fuller save if she dies after three years, during which time the property appreciates to $6.8 million? Show and label your calculation.
Compute the mean polling cycle time for the system : A wireless sensor network is composed of 100 memory-constrained sensor nodes whose buffer at the MAC layer can host at most one data packet.
Compute the unit cost of mt glass beginning inventory : Compute the unit cost of M.T. Glass' beginning inventory. Enter your answer with two places after the decimal point (i.e., $9.80).
Can the system enforce the chinese wall model and why : Suppose initially user Alice can read all the companies' data. After Alice reads Shell Oil's data, which companies' data can Alice still read?

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