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Project Data
Consider the following project data:
Activity or Milestone
Predecessor(s)
Duration
(Weeks)
Cost
($)
Start
-
0
A
2
4000
B
4
8000
C
3
6000
D
A,B
M
C,D
E
1
2000
F
E,H
G
F,I
H
I
J
End
G,J
- What activities and milestones make up the critical path? ( longest path ) - How long is the critical path? ( longest path and add ) - Which activity has the largest float (slack)? - At the end of week 8, the project status is:
Activity
Status
Expense to
Date ($)
Completed
10000
1000
Started
Not started
Answer the following questions, using the 50/50 method (half of the activity cost is "earned" when its work has begun and the other half when it completes) to determine project measures. Note that the progress here-as it often is in real life-is not necessarily consistent with the plan.- What is the Planned Value (Budgeted Cost of Work Scheduled) for the end of week 8?- What is the Earned Value (Budgeted Cost of Work Performed)?- What is the Actual Cost (Actual Cost of Work Performed)?- What is the Cost Variance?- What is the Schedule Variance?- How is this project doing?
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