1.Forecast Completion•What is the Estimate at Completion?•New bottom up estimate is 575,000•Calculate the To Complete Performance Index required to meet the BAC. Earned Value ExerciseProject Plan: Produce 8 widgets in 8 months. There is no learning curve effect.StartEndTotalProductionTotal CostTimeRateJan 1Aug 318 months1/month$800,000Current Status at end of AprilStartCurrent DateNumberCost to DateProducedJan 1April 30$375,000

As the project progresses, the original budget may no longer be realistic because of the changed…

Answered: 1.Forecast Completion •What is the…

1.Forecast Completion •What is the Estimate at Completion? •New bottom up estimate is 575,000 •Calculate the To Complete Performance Index required to meet the BAC.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Q: Define "what-if analysis." How can a spreadsheet be used to plan capacity?

A: What-If Analysis is modifying the values in cells to determine how such modifications affect the…

Q: Explain the latest start time in critical path method

A: The concept "late start" depends on the final point in time when the plan's action will begin in…

Q: immediate Latest Carlest Latest Activity Predecessor Optimistic Probable Pessimistic Activities…

A: A project schedule network diagram shows the sequence of the task that is performed to complete a…

Q: Q2: The activities involved in the construction of a certain project are given in the table below.…

A: Based on the given activities and dependency, the following diagram can be prepared. Possible paths…

Q: Activity 11: Compare and Contrast Direction: In a separate sheet of paper. Using Venn Diagram, Write…

A: Trаditiоnаl Mаrketing. Trаditiоnаl mаrketing relies оn оffline strаtegies, inсluding direсt…

Q: Schedule the following activities using CPM: АСTIVITY IMMEDIATE PREDECESSOR ΤΙΜE ( ΜE EKS) A 2 В A A…

A: Find the given details below: Given Details: Activity Immediate Predecessor Time (Weeks) A -…

Q: Question text A ________ is an integrated network of goals in which the accomplishment of goals at…

A: The accomplishment of goals means the achievement of the goals which is the result of the…

Q: Table contains information about an environmental cleanup project in the township of Hiles. Shorten…

A: Solution The minimum cost schedule is calculated by crashing those activities which has minimum…

Q: Consider the following diagram, why is it used and explain what information does it provide to the…

A: The given diagram is Probability and Impact Matrix, which is a tool for the project team to give…

Q: 2. Colonial State College is considering building a new multipurpose athletic complex on campus. The…

A: A project network (also known as a project activity network) is a graphical depiction of the…

Q: Write practical application of "Knowledge Areas in Project Management" on Metro Bus Islamabad…

A: In any company, project completion plays a key role in the success of the organization. Project…

Q: Case Study 2: Event Online Booking Systems: Europian Conference on Optical Communication…

A: 1. The online booking system is situatable for conference events because it provides administration…

Q: Draw the path. Calculate the early finishing time (forwards calculations) Highlight the total time…

A: A network diagram is a graphical representation of a project which visualising the relationship…

Q: Using a suitable example each, describe what the following project planning process activities…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Activity Precedence Activity Times (in week) A A 8 C В D A E C,D F E 8 E 7 H E F,G,H 4 4

A: A Gantt chart, generally employed in project management, is one of the most familiar and helpful…

Q: Given the following data, can an order for 40 more units for delivery in week 5 beaccepted? If not,…

A: Solution The following table shows the ATP for each week - Week 1 2 3 4 5 6 7 8 Customer…

Q: Q2(a) Choong Machinery specializes in developing grass cutting equipment. Mr Ahmad, who is an R&D…

A: Given data, Solution: Activity Immediate Predecessors Duration A - 6 B - 5 C A 3 D A 2…

Q: company that produces golf carts has just received an order for 200 carts, which must be ready for…

A: Material Resource Planning (MRP) is a data framework that converts ace timetable necessities for the…

Q: Activity Immediate predecessor(S) Normal Time Normal Cost($) Crash Time (Weeks) A none 10 16000 8 B…

A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(1, 2,…

Q: Activity Times (days) Activity Cost ($) Immediate Activity Predecessor 100 None 150 None 125 А D 175…

A: given,

Q: Explain why is capacity planning is important ?

A: Capacity planning have included computer server, storage, labor maintenance, and product oriented…

Q: From the following data of information prepare the (a) Net- work diagram; (b) The Early Start (ES)…

A: 1. During forward pass in case of more than two preceding activities the early start will be…

Q: 1: Program Evaluation Review Technique by using Activity on Arrow Method 2 Critical Path Method…

A: Below is the solution

Q: Q1. The following table contains a list of activities for the completion of a thesis. Estimated…

A: ES -Early start time LS - Late start time EF - Early finish time LF - Late finish time ES =…

Q: Construct a network diagram using AON notation

A: GIVEN

Q: Activity Immediate Predecessoris) Activity Time (days) 2. A B. 4. C. 2. E 8. C 3. D.E H. F. G, H,I

A: Activity Immediate Predecessors Duration A - 2 B A 4 C A 5 D B 2 E B 1 F B,C 8 G D,E 3…

Q: Follow up to previous question: 3) A company decides to plan a project, with activities, precedences…

A: Drawing the project network as shown in the diagram using AOA convention we represent the activities…

Q: Q3- Udesign is a plant producing mass production dresses. The following table shows the tasks needed…

Q: What is CAPACITY REQUIREMENTS FORECASTING?

A: It is the forecasting method where a company tries to forecast the production limit in the future to…

Q: A company that produces golf carts has just received an order for 200 carts, which must be ready for…

A: An assembly time chart shows when production or procurement should be done as per the lead time for…

Q: Question a) Explain the 4 v’s of the transformation process.

A: All tasks measures make them thing in like manner, they all take their 'inputs' like, crude…

Q: a) Draw the precedence diagram. b) What is the cycle time to meet a forecasted demand of 400 units…

A: First I would prepare the precedence Diagram, The table data includes Task id, time for each task…

Q: Qno 6. Write a note explaining your project and include all the functions used in your project?

A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…

Q: EVENT 1: "The vacant project manager's position has not been filled." EVENT 2: "A credit card…

A: The success of any business hinges on having the right person in the right roles. However, since…

Q: Instruction: a. Construct AON diagram for the following data. b. Identify critical path. c. Conduct…

A: This question is related to the topic-Project Management and this topic falls under the Operations…

Q: Table 1 Activity Predecessor Duration (weeks) A - 5 B A 4 C A 5 D B 6 E C 3 F D,…

Q: Case Study ABC Construction Company is preparing a network for laying the foundation of a new…

A: Network diagram: It is the representation of the activities and tasks and events related to a…

Q: Explain with aid of practical examples the following: 1. Scope creep 2. WBS 3. Scope statement

A: Project scope can be defined as that part of the project planning that involves the determination…

Q: Question 4 You are currently working on a project to be completed in 20 months. The budget of the…

A: Given- Actual budget= R12,000,000 Actual cost spend so far = R2,800,000

Q: Based on the Project Oxygen at Google: What are limits/ dangers of implementing project oxygen…

A: Project oxygen of Google: Project oxygen was launched as a multiyear research initiative. It is an…

Q: 17. Objectives are both targets and A) Barriers B) Measuring sticks C) Threats D) Priorities E) Flow…

A: There are many methods to measure the quality of the product or service. Quality management is…

Q: Write short scenario explain the check sheet?

A: A check sheet can be explained as a document used for organizing and collecting information in form…

Question

1.Forecast Completion

•What is the Estimate at Completion?

•New bottom up estimate is 575,000

•Calculate the To Complete Performance Index required to meet the BAC.

Earned Value Exercise
Project Plan: Produce 8 widgets in 8 months. There is no learning curve effect.
Start
End
Total
Production
Total Cost
Time
Rate
Jan 1
Aug 31
8 months
1/month
$800,000
Current Status at end of April
Start
Current Date
Number
Cost to Date
Produced
Jan 1
April 30
$375,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Explain the importance of the marketing mix (4ps) and how should the companies manage this to success.
Year Sales 1) -30 2) -28 3) -25 4) -21 5) -23 6) -31 7) -22 8) -20 9) -32 10) -33 Find the value: BIAS, MSE, MAD, MAPEThank youuu!!
Creative Homework/Short Projecr As a member of anevv product team with your company, you are working to develop an electric car jack that would makechanging car tires easier. You are considering conducting a test market for this nevv product. Outline thepros and cons for test marketing this product. Whatare your recommendations?
How can I Clearly state whichsystem is recommendedfor adoption, thejustification, and the nextaction items or timeline
Plzzzz explain.
what are th important factorsin predicting the extent of leverage from linking the brand to another equity? Note: answer should be new. Not copied one.
Briefly discusses the main points (atleast 10) and provide your reflection on the topic of stop worrying and start living.
Please Answer for attached questions. Thank you
Please answer in 1hour
Business plan users measures a business and its growth by means of sales, thus statement of sales is a cru- cial part of your business plan. Sales forecasting is a pillar of your business plan but no wories it doesn' require complex equation. In sales forecast, what you needed is an educated guessing based on the pos- sible demand of your product. Below is the demand and supply of t-shirt among your competitors, analyze the figures in the table and discuss what it fries to imply in the box below. Historical Data Total Demond Supply: Competitor A Supply: Competitor Supply Competitor C Total Supply sold per year B sold per year sold per year Year 1 25,037 1110 1221 1343 3674 Year 2 29,540 1721 1843 1977 5541 Year 3 34,494 2825 2888 2966 8679
Develop a six-month Merchandise Promotion Plan Week2 This term, you will develop a six-month Merchandise Promotion Plan (project details to follow) This plan includes assignments develop over the 10 course period Some of you would like to continue to represent the companyâ€™s researched for the Marketing Plan (FASH206 Marketing for Fashion) otherwise you may select another For this course, you will serve as the Fashion Director for the company You will need to determine a specialty retailer you wish to represent For this assignment, you will need to conduct in-depth analysis on the organizationâ€™s promotion direction, the promotion mix departments (eg, is there a fashion office, PR, etc) You will need to include whether the company uses internal or external agencies To gather this information, you will need to visit the companyâ€™s website as well as contact the company directly for the information For instance, you may locate on the…
Write 5S rules and explain them in detail.