Homework Answers
Given:
AC = $78,000, PV = $84,000, EV = $81,000, AT = 70 days
Cost variance = EV – AC = $81,000 - $78,000 = $3,000
Schedule variance: EV – PV = $81,000 - $84,000 = -$3000
CPI = EV/AC = 1.03
SPI = EV/PV = 0.96
Cost Schedule Index = EV^2/(AC)(PV) = ($81,000)^2/($78,000)($84,000)Cost Schedule Index = 6,561,000,000 / 6,552,000,000
Cost Schedule Index = 1.001
Time Variance = ST –AT = (AT)(CSI)–AT = (70)(1.001)–70
Time Variance = 0.07 days
Add Answer to:
3. A software development project at day 70 exhibits an actual cost of $78,000 and a...
For a project, in X day, planned value, earned value and actual cost of the tasks...
For a project, in X day, planned value, earned value and actual cost of the tasks are given in dollar in the table below. Planned $1000 to complete project. Task Actual Cost Work Performed Budgeted Cost Work Scheduled 50 70 30 100 50 2 3 4 5 Budgeted Cost Work Performed 50 70 30 50 0 Total: 250 a. Find schedule and cost variance. Explain what it means? b. Find schedule and cost performance index. c. Find estimate to complete...
#1. A project in its 26th week has an actual cost of $270,000. It was scheduled...
#1. A project in its 26th week has an actual cost of $270,000. It was scheduled to have spent $261,000. For the work performed to date, the budgeted value is $272,000. What are the cost and schedule variances for the project? What are the SPI and CPI? What is your assessment of the project from a cost and schedule perspective? #2. A project has just completed the 87th item in its plan. It was scheduled to have spent $168,000 at...
2. Find the schedule and cost variances for a project that has as actual cost at...
2. Find the schedule and cost variances for a project that has as actual cost at month 16 of $540,000, a scheduled cost of $523,000, and an earned value of $535,000. What do the results tell you?
7. Given an activity in an advertising project whose planned cost was $12,000 but actual cost...
7. Given an activity in an advertising project whose planned cost was $12,000 but actual cost to date is $10,000 so far and the value completed is only 70 percent, calculate the cost and schedule variances. Will the client be pleased or angry?
Determine the schedule and cost variance for a project that has an actual cost at month...
Determine the schedule and cost variance for a project that has an actual cost at month 10 of $600,000, a scheduled cost of $600,000 and an earned value of $600,000.
5. A consulting project has an actual cost in month 10 of $23.000, a scheduled cost...
5. A consulting project has an actual cost in month 10 of $23.000, a scheduled cost of $17,000, and a value com pleted of $20,000. Find the schedule and cost variances and the three indexes.
CodeHead Software Inc. does software development. One important activity in software development is writing software code....
CodeHead Software Inc. does software development. One important activity in software development is writing software code. The manager of the WordPro Development Team determined that the average software programmer could write 25 lines of code in an hour. The plan for the first week in May called for 4,650 lines of code to be written on the WordPro product. The WordPro Team has five programmers. Each programmer is hired from an employment firm that requires temporary employees to be hired...
6. A project to develop technology training seminars is 5 days behind schedule at day 65....
6. A project to develop technology training seminars is 5 days behind schedule at day 65. It had a planned cost of $735,000 for this point in time, but the actual cost is only $550,000. Estimate the schedule and cost variances. Re-estimate the variances if the actual cost had been $750,000
Your project to obtain charitable donations is now 43 days into a planned 53-day project. The...
Your project to obtain charitable donations is now 43 days into a planned 53-day project. The project is divided into 3 activities. The first activity is designed to solicit individual donations. It is scheduled to run the first 37 days of the project and to bring in $25,900. Even though we are 43 days into the project, we still see that we have only 89% of this activity complete. The second activity relates to company donations and is scheduled to...
2. A sales project at month 5 had an actual cost of $34,000, a planned cost...
2. A sales project at month 5 had an actual cost of $34,000, a planned cost of $42,000, and a value completed of $39,000. Find the cost and schedule variances and the CPI and SPI
For a project, in X day, planned value, earned value and actual cost of the tasks are given in dollar in the table below. Planned $1000 to complete project. Task Actual Cost Work Performed Budgeted Cost Work Scheduled 50 70 30 100 50 2 3 4 5 Budgeted Cost Work Performed 50 70 30 50 0 Total: 250 a. Find schedule and cost variance. Explain what it means? b. Find schedule and cost performance index. c. Find estimate to complete...
2. Find the schedule and cost variances for a project that has as actual cost at month 16 of $540,000, a scheduled cost of $523,000, and an earned value of $535,000. What do the results tell you?
7. Given an activity in an advertising project whose planned cost was $12,000 but actual cost to date is $10,000 so far and the value completed is only 70 percent, calculate the cost and schedule variances. Will the client be pleased or angry?
5. A consulting project has an actual cost in month 10 of $23.000, a scheduled cost of $17,000, and a value com pleted of $20,000. Find the schedule and cost variances and the three indexes.
6. A project to develop technology training seminars is 5 days behind schedule at day 65. It had a planned cost of $735,000 for this point in time, but the actual cost is only $550,000. Estimate the schedule and cost variances. Re-estimate the variances if the actual cost had been $750,000
2. A sales project at month 5 had an actual cost of $34,000, a planned cost of $42,000, and a value completed of $39,000. Find the cost and schedule variances and the CPI and SPI
Most questions answered within 3 hours.
-
You have created a successful and expanding car was business ,
It is still organized as...
asked 5 minutes ago -
In the traditional Keynesian model, an increase in current
taxes
decreases both disposable income and consumption....
asked 6 minutes ago -
How would you illustrate the central dogma of
molecular genetics as it applies to eukaryotes?
asked 6 minutes ago -
The body temperatures in degrees Fahrenheit of a sample of
adults in one small town are:...
asked 12 minutes ago -
You have just taken a job at a manufacturing company and have
discovered that they do...
asked 10 minutes ago -
The CEO of the company asks you to justify the 10-percent
increase in sales training expenditures...
asked 14 minutes ago -
8. How to share the business development plan with the
stakeholders in outline of business development...
asked 26 minutes ago -
Aqueous hydrobromic acid HBr reacts with solid sodium hydroxide
NaOH to produce aqueous sodium bromide NaBr...
asked 27 minutes ago -
Calculate the pH for the following solutions;
a) 1.32 x 10-8 M HCl
b) 3.25 x...
asked 45 minutes ago -
1 ) Using factors and concepts of protein interactions, describe
protein-ligand binding as fully as possible,...
asked 47 minutes ago -
At auction, 8-month T-bills were sold at a discount of 7.410%.
What was the simple annual...
asked 49 minutes ago -
during translcation initiation, which protein helps TFIID stay
attatched to the DNA?
asked 48 minutes ago