In the program evaluation and review technique below, how many activities are there for this 7 month project with 5 milestones? m 10 t=3 mo A t=4 mo B t=1 mo (30 20 40 D t=2 mo E F t=3 mo t=3 mo 50
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- ++ Earned value analysis is the project management tool that is used to measure project progress. You are a project manager in company XYZ that responsible to handling the packaging machine project with the total cost budgeting is RM100,000. There are including RM24,000 (Design), RM60,000 (build) and RM16,000 (install & test). The information regarding on the project progress development in weeks 8 as shown in Table 2 below: Table 2 No 1 2 3 Type Cumulative Budgeted Cost (CBC) Cumulative Actual Cost (CAC) Cumulative Earned Value (CEV) TOTAL RM 64,000 68,000 54,000 100,000 Percentage 64.0 68.0 54.0 100.0 a) With the aid of a typical S-curve diagram, draw and explain the four cost-related measures such as TBC, CBC, CAC and CEV to analyses the overall project cost performance.The decision was made by JMP management that a certain critical development in the overall project will be subcontracted-out to a vendor. JMP has issued a six-month cost plus fixed fee contract for that development, and you are the vendor's project manager. The approved JMP budget for your development is $500,000. A recent Earned Value Analysis that your firm (the vendor) has done shows that you will complete the project four weeks ahead of time, thus depriving your firm of $80,000 of billable time. Among your options are: 1. Since it was the approved budget, go ahead and bill JMP for the entire $500.000. 2. Inform JMP of the project status and completion date, and ask if they'd like to add any features to account for the monies spent. 3. Inform JMP of the project status and completion date. 4. Bill JMP for the $500,000 by adding more work at the end of the project.ew Assessment X G As an independent pro x vle.phoenix.edu/ultra/courses/_386284_1/grades/asse X The project you have been hired to turn around is one that was started 18 months ago and was managed by the then-director of customer service, who, after 20 years, has left for another opportunity. This project, like other projects at the company, is floundering. It is already six months behind schedule and over budget, and it lacks commitment from the four other functional groups who are key stakeholders: sales, accounting, IT, and order processing. The project you are charged with getting back on track and completing is for a new customer service system that is projected to create efficiencies, automate call center functions, and increase the quality of customer service. Use this scenario to address the following in 525 to 700 words using MS Word. 1. Assess two reasons why the previous manager may not have been the right person to run this project. The previous manager was the director of…
- Stinnett Transmissions, Incorporated, has the following estimates for its new gear assembly project: Price $1,220 per unit; variable costs = $3.75 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario? Pls don't copy answer i give up voteWhat is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days? Normal Cost $800 $200 $600 $750 $1,200 Normal Crash Activity Time (days) Time (days) 4 3 8 6 The total cost of crashing the project by 4 days is $ ABCDE 487 355 (Enter your response as a whole number.) Total Cost with Crashing Immediate Predecessor(s) $1,500 $1,650 By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) Each Activity Should be Reduced BY (days) Activity A B C D E $1,100 $600 $650 A CYou are developing a performance progress report for a project you are managing. The following time-phased budget was developed earlier in the planning stage and is being used as the standard against which the project performance is measured. Work Packages W1 W2 W3 W4 W5 W6 W7 W8 W9 W10 W11 4 10 6 A B C Total 1 6 8 4 10 6 1 6 8 5 6 10 8 5 6 8 88 10 3 3 At the end of Week 8, activity "C" is 50% complete. What is the Earned Value of this activity? Use two decimal places in your calculations.
- What does a project’s NPV of $1,500 mean?We are planning to develop a room reservation system that is estimated to have 400 story points of features. Let’s say our team’s velocity on two-week sprints ranges between 20 and 25 story points. Our project will start on Dec 1, 2021. If our customer wants the project to be in production by end of June 22, how likely will the project be successful? Why? Show your calculations.Explain why earned value management (EVM) is not widely used in cost control and project success monitoring, and provide some speculation as to why this is the case. Following a few basic guidelines, it is possible to calculate a positive or negative cost performance index (CPI) or a schedule performance index (SPI).
- At a weekly meeting during the project implementation, the project manager Charlie used the following table to inform everyone of the current progress. According to this table, find the current progress of the project. Activity Planned Value Percent Completion Actual Cost Baseline $20000 90% $10000 Detailed Design $50000 90% $60000 Testing $30000 100% $40000The following table shows the various activities of the development of a new product in your organization; Activity Event Immediate Predecesor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 2 B A 1 2 ? 2 3 C A 1 ? 4 2.2 4 D B ? 5 6 5 5 E B 3 ? 5 4 6 F C 2 3 ? 3 7 G D ? 2 4 2.2 8 H E,F,G 3 4 6 ? 9 I H 3 ? 5 4 10 J I 2 1 3…A company is willing to develop their rocket before the end of current financial year which is now 28 weeks away. The chief engineer of the company has decided to use PERT technique in order to plan, schedule and control program of development for the data given in table below. What is the probability that the program will be completed by the end of the current financial year? (all durations are in weeks). (i) G) Optimum Duration Most likely duration Pesimistic duration 1 2 3 8 13 3 2 8 4 3 8 10 4 7 10 3 6. 3 8 4 9 10 4 8. 4 9. 5 7 9. 12 6. 5 11 7 9. 14 8 4. 00 2.