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- Give an explanation of how earned value management (EVM) may be used to keep expenses under control and monitor the overall effectiveness of a project, and then hypothesise as to why it is not utilised more often. How can one determine if the data for cost variation, schedule variance, cost performance index, and schedule performance index are healthy or unhealthy? What are some basic rules of thumb?Assume 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.++ 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.
- Waht is the implication of nutrition and hygiene programs as part of occupational health. Create a program proposal for this which includes objectives, procedures, persons involved with job description, diagram, referral system with criteria, and possible budget proposal for these programsPart 1: The 5 project management groups have wide industry application in modern day project management. By using practical examples of your choice, demonstrate the practical application of the project management processes in bringing a project to a successful end (Detailed response required, also acknowledge information sources). Part 2: A gantt chart is widely applied in project management as a project scheduling tool,whose format is in bar chart form. Critically examine a gantt chart as a project scheduling tool and practically demonstrate how it can also be used as a project planning and control technique (Detailed response required, also acknowledge information sources).Q A project manager is faced with two team members who have conflictingopinions. One team member explains her side of the conflict, and presents apossible solution. But before the other team member starts to explain his sideof things, the project manager says, “I’ve heard enough, and I’ve decided to gowith the solution I’ve heard.” This is an example of _____. Q As you determine the requirements, constraints and assumptions for theproject you record them in which document?A. Project Scope StatementB. Project Management PlanC. Project CharterD. Communications Management Plan
- Paragraph Styles Eg Problem 2 The table below contains data for the installation of new equipment in a manufacturing process for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15. Immediate Normal Time Crash Time Normal Cost Crash Cost Activity Predecessor(s) (weeks) (weeks) ($) 7,000 3,000 ($) A None 1 10,000 None 2 3,000 A 3 1 12,000 40,000 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 5,000 15,000 3 9,000 18,000 F, G 6. 14,000 32,000 Construct a network diagram for the project. a. b. What are the project completion time and the total cost under normal conditions? What is the shortest time duration for this project regardless of cost? What is the resulting total cost? с. d. What is the minimal total cost associated with completing the project in 16 weeks? e. What is the total time for the…Embattled Mango might have proposed rescue plan ready by the end of October -Low-cost airline Mango's first meetings as part of its business rescue process took place on Wednesday, with employee representatives and creditors being briefed on the steps ahead. Among other things, employees expect to be paid their outstanding salaries for last month. The voluntary business rescue process was approved as from 28 July, and the goal is to have a proposed rescue plan by the end of October. Rescue practitioner Sipho Sono of Opis Advisory said one meeting was with the airline's creditors and the other with unions and representatives of non-unionised employees. He said he was satisfied with the process so far. "The next steps will be setting up several meetings with the various committees established. More details will be provided as the business rescue process unfolds," said Sono. Jordan Butler, chair of the Mango Pilots' Association (MPA), said the aim is to have a proposed rescue plan by 29…Your vice president asked you what the Estimate at Completion (EAC) will be for a small project you are working on. You were given a budget of S50,000, and to date you have spent $40,000 but only completed $30,000 worth of work. You are sure the future work will be accomplished at the planned rate. What is the EAC ?
- Project Managers must demonstrate (4) activities: Project planning: ◦Project scheduling:◦Project monitoring:Project reporting: Please pick one activity, define it in your words and give a specific example how you would demonstrate and achieve that activity.Table 7.5 contains information about an environmental clean-up project in the township of Hiles. Shorten the project threeweeks by finding the minimum-cost schedule. Assume thatproject indirect costs and penalty costs are negligible. Identifyactivities to crash while minimizing the additional crash costs.You are in charge of a project at the local community center. The center needs to remodel one of the rooms in time for the start of a new program. Delays in the project mean that the center must rent other space at a nearby church at additional cost. Time and cost data for your project are contained in 7.10. Your interest is in minimizing the cost of theproject to the community center.a. Using the normal times for each activity, what is the earliest date you can complete the project?b. Suppose the variable overhead costs are $50 per day for your project. Also, suppose that the center must pay $40 per day for a temporary room on day 15 or beyond. Find the minimum-cost project schedule.