Homework Answers
The answer is the 2nd option: “the actual progress is less than the planned progress”.
Explanation: If the actual progress is less than the planned progress then it means that the project is not progressing as per the plan and this is a cause of concern. If corrective action is not taken in a timely manner then the project will most likely be thrown off track.
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Corrective action must be taken for a project when the technical specifications have been met. the...
You are appointed as a site engineer representing a consulting firm to supervise a construction project....
You are appointed as a site engineer representing a consulting firm to supervise a construction project. The project will start on the 1 January and is expected to be completed in 10 month. The cost break down for the project is as shown in Table 1 below. Table 1. Cost Breakdown of the Project Work Cost Rd Seart Finish 100 000 Jan 31 Jan piling 300 000 Feb 1 March Sub-structure 300 000 15 Feb 15 May Beams Stab-deck 80...
You work for a company that makes cell phones and have been made the project manager...
You work for a company that makes cell phones and have been made
the project manager for the design of a new cell phone. Your
supervisors have already scoped the project, so you have a list
showing the work breakdown structure, and this includes major
project activities. You must plan the project schedule and
calculate project duration. Your boss wants the schedule on his
desk tomorrow morning!
You have been given the information in Table-1 below. It
includes all the...
Problem 5-6 A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the...
Problem 5-6 A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70% complete. The planners were only expecting to be 57% through the third activity at this time. The first activity involves prepping the site for the bridge. It was...
7. An organisation operates compliance and audit functions that 3. When estimating time for activities, a Project Ma...
7. An organisation operates compliance and audit functions that 3. When estimating time for activities, a Project Manager should: Answer: Answer: Use the best guess and estimate all activities since there will be changes as the project progresses and more information becomes available Involve people who will be doing the work to get estimates Estimate for what the cost will allow and include buffers None of the above Page 4. An accepted deadline for project approaches. However, the project manager...
QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an...
QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. It describes how the project costs will be planned, structured, and controlled. It is based on project cost estimates and is separate from the project management plan. It may specify the level of precision, which is the...
Analytics Exercise 4-2 You work for Microsoft in their global cell phone group. You have been made project manager for the design of a new cell phone. Your supervisors have already scoped the project...
Analytics Exercise 4-2 You work for Microsoft in their global cell phone group. You have been made project manager for the design of a new cell phone. Your supervisors have already scoped the project so you have a list showing the work breakdown structure and this includes major project activities. You must plan the project schedule and calculate project duration. Your boss wants the schedule on his desk tomorrow morning! You have been given the information in Exhibit 5.13. It...
2 Problem 5-6 (Algo) A project to build a new bridge seems to be going very...
2 Problem 5-6 (Algo) A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 65% complete. The planners were expecting to be only58 % through the third activity at this time. The first activity involves prepping the site for the bridge....
8. You, a first-time project manager, were of the opinion that all training activities need to...
8. You, a first-time project manager, were of the opinion that all training activities need to be planned. You discussed this with an experienced project manager who understood that some trainings were necessarily unplanned. Based on our discussions and honoring your acumen about the information, what are the good alternatives for unplanned training? 9. Your company took over the management of a project from another company that went out of business. To minimize disruptions related to the transition, your company...
You are given the following information for a one-year project: Planned Value (PV) - $23,000, Earned...
You are given the following information for a one-year project: Planned Value (PV) - $23,000, Earned Value (EV) - $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000. Answer each of the questions below to complete your assignment. Use the same numbers as the assignment when you give your answer, I only grade answers that correspond the assignment questions. 1. For this one-year project calculate: a. cost variance, b. schedule variance, C. cost performance index (CPI),...
2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate....
2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate. You have an earned value of $8,500 and you have spent $10,000. What is your EAC? (2 points) 3. The earned value on your project is $15,000, the planned value is $20,000, and the actual cost is $18,000. What is your current schedule variance (in $)? (1 point) 5. You are working on a large project and have determined that your cost variance is...
You are appointed as a site engineer representing a consulting firm to supervise a construction project. The project will start on the 1 January and is expected to be completed in 10 month. The cost break down for the project is as shown in Table 1 below. Table 1. Cost Breakdown of the Project Work Cost Rd Seart Finish 100 000 Jan 31 Jan piling 300 000 Feb 1 March Sub-structure 300 000 15 Feb 15 May Beams Stab-deck 80...
You work for a company that makes cell phones and have been made
the project manager for the design of a new cell phone. Your
supervisors have already scoped the project, so you have a list
showing the work breakdown structure, and this includes major
project activities. You must plan the project schedule and
calculate project duration. Your boss wants the schedule on his
desk tomorrow morning!
You have been given the information in Table-1 below. It
includes all the...
Problem 5-6 A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70% complete. The planners were only expecting to be 57% through the third activity at this time. The first activity involves prepping the site for the bridge. It was...
7. An organisation operates compliance and audit functions that 3. When estimating time for activities, a Project Manager should: Answer: Answer: Use the best guess and estimate all activities since there will be changes as the project progresses and more information becomes available Involve people who will be doing the work to get estimates Estimate for what the cost will allow and include buffers None of the above Page 4. An accepted deadline for project approaches. However, the project manager...
QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. It describes how the project costs will be planned, structured, and controlled. It is based on project cost estimates and is separate from the project management plan. It may specify the level of precision, which is the...
Analytics Exercise 4-2 You work for Microsoft in their global cell phone group. You have been made project manager for the design of a new cell phone. Your supervisors have already scoped the project so you have a list showing the work breakdown structure and this includes major project activities. You must plan the project schedule and calculate project duration. Your boss wants the schedule on his desk tomorrow morning! You have been given the information in Exhibit 5.13. It...
2 Problem 5-6 (Algo) A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 65% complete. The planners were expecting to be only58 % through the third activity at this time. The first activity involves prepping the site for the bridge....
8. You, a first-time project manager, were of the opinion that all training activities need to be planned. You discussed this with an experienced project manager who understood that some trainings were necessarily unplanned. Based on our discussions and honoring your acumen about the information, what are the good alternatives for unplanned training? 9. Your company took over the management of a project from another company that went out of business. To minimize disruptions related to the transition, your company...
You are given the following information for a one-year project: Planned Value (PV) - $23,000, Earned Value (EV) - $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000. Answer each of the questions below to complete your assignment. Use the same numbers as the assignment when you give your answer, I only grade answers that correspond the assignment questions. 1. For this one-year project calculate: a. cost variance, b. schedule variance, C. cost performance index (CPI),...
2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate. You have an earned value of $8,500 and you have spent $10,000. What is your EAC? (2 points) 3. The earned value on your project is $15,000, the planned value is $20,000, and the actual cost is $18,000. What is your current schedule variance (in $)? (1 point) 5. You are working on a large project and have determined that your cost variance is...
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