Your project to obtain charitable donations is now 30 days into a planned 40-day project. Theproject is divided into 3 activities. The first activity is designed to solicit individual donations. It isscheduled to run the first 25 days of the project and to bring in $25,000. Even though we are 30days into the project, we still see that we have only 90 percent of this activity complete. Thesecond activity relates to company donations and is scheduled to run for 30 days starting on day 5and extending through day 35. We estimate that even though we should have approximately 83percent (or more precisely 25/30) of this activity complete, it is actually only 50 percent complete.This part of the project was scheduled to bring in $150,000 in donations. The final activity is formatching funds. This activity is scheduled to run the last 10 days of the project and has not started.It is scheduled to bring in an additional $50,000. So far $175,000 has actually been brought in onthe project.Calculate the schedule variance, schedule performance index, cost (actually value in this case)variance, and cost performance index. (Negative values should be indicated by a minus sign. Donot round your intermediate calculations or "variance" values. Round your "performance index"values to 3 decimal places.)Schedule varianceSchedule performance indexCost varianceCost performance index$(50,000)0.7784

Name: Your project to obtain charitable donations is now 30 days into a pla
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Description: Your project to obtain charitable donations is now 30 days into a planned 40-day project. Theproject is divided into 3 activities. The first activity is designed to solicit individual donations. It isscheduled to run the first 25 days of the project

Schedule VarianceSchedule Variance (or SV) is a metric that suggests whether or not an undertaking…

Business

Management

Calculate the schedule variance, schedule performance index, cost (actually value in this case) variance, and cost performance index. (Negative values should be indicated by a minus sign. Do not round your intermediate calculations or "variance" values. Round your "performance index" values to 3 decimal places.) Schedule variance Schedule performance index Cost variance Cost performance index $ (50,000) 0.778

Calculate the schedule variance, schedule performance index, cost (actually value in this case) variance, and cost performance index. (Negative values should be indicated by a minus sign. Do not round your intermediate calculations or "variance" values. Round your "performance index" values to 3 decimal places.) Schedule variance Schedule performance index Cost variance Cost performance index $ (50,000) 0.778

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into three activities. The first activity is designed to solicit individual donations. It is scheduled to run the first 25 days of the project and to bring in $25,000. Even though we are 30 days into the project, we still see that we have only 90 percent of this activity complete. The second activity relates to company donations and is scheduled to run for 30 days starting on day 5 and extending through day 35. We estimate that, even though we should have 83 percent (25/30) of this activity complete, it is actually only 50 percent complete. This part of the project was scheduled to bring in $150,000 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,000. So far, $175,000 has actually been brought in on the project. Calculate the Schedule…
Your project to obtain charitable donations is now 30 days into a planned 40-dayproject. The project is divided into 3 activities. The i rst activity is designed to solicitindividual donations. It is scheduled to run the i rst 25 days of the project and to bring in $25,000. Even though we are 30 days into the project, we still see that we have only 90 percent of this activity complete. The second activity relates to company donations and is scheduled to run for 30 days starting on day 5 and extending through day 35. We estimate that, even though we should have 83 percent (25y30) of this activity complete, it is actually only 50 percent complete. This part of the project was scheduled to bring in $150,000 in donations. The i nal activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,000. So far $175,000 has actually been brought in on the project. Calculate the schedule…
Your project to obtain charitable donations is now 39 days into a planned 49-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 33 days of the project and to bring in $25,400. Even though we are 39 days into the project, we still see that we have only 91% of this activity complete. The second activity relates to company donations and is scheduled to run for 39 days starting on day 6 and extending through day 45. We estimate that, even though we should have (33/39) 84.62% of this activity complete, it is actually only 51% complete. This part of the project was scheduled to bring in $150,400 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,800. So far $176,000 has actually been brought in on the project.
Your project to obtain charitable donations is now 41 days into a planned 51-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 34 days of the project and to bring in $25,700. Even though we are 41 days into the project, we still see that we have only 90% of this activity complete. The second activity relates to company donations and is scheduled to run for 41 days starting on day 7 and extending through day 48. We estimate that, even though we should have (34/41) 82.93% of this activity complete, it is actually only 54% complete. This part of the project was scheduled to bring in $150,700 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $51,400. So far $178,000 has actually been brought in on the project. Calculate the schedule variance, schedule…
Which activities or tasks are crucial to the project-that is, which activities will cause the entire project to be delayed if they are delayed?
To create a project schedule, one must understand the Project Schedule Management processes; in particular, one needs to know the project work or tasks to be performed (i.e., the project scope) and their duration, as well as their dependencies and required resources. How is the knowledge of Develop Schedule process, as well as the inputs, tools & techniques, and outputs can help you in creating a project schedule for (Deliverables -These incorporate the outcomes the venture supervisory crew needs to create to meet the business goals. Project expectations can be simply the item or administration that the task will convey, guidelines and establishment manuals, promoting materials, publicizing efforts, official statements, and so on)?
You are assisting the head of the marketing department to develop a project charter for a project titled, COVSTRONG 2021, which will be implemented later this year. Based on your knowledge of this activity and process (i.e. creating the project charter), at what stage of the project life cycle is the COVSTRONG 2021 Project? Select one: a.Executing b.Closeout c.Initiation d.Planning
Assume that the activities in Problem 3.11 have the following costs to shorten: A, $300/week; B, $100/week; C, $200/ week; E, $100/week; and F, $400/week. Assume also that you can crash an activity down to 0 weeks in duration and that every week you can shorten the project is worth $250 to you. What activities would you crash? What is the total crashing cost? Note: The attached photos is the activities in problem 3.11.
b) Explain how you will go about incorporating project scheduling to guarantee your project success.
I need a detailed explanation and assistance on how to solve this problem: The company decided that the project in the previous problem has to be expedited in order to optimize (minimize) the project cost. Expediting can be used to trade direct cost for indirect cost, since expediting the project reduces the indirect cost of the project by a fixed amount per day, while expediting an activity increases its total direct cost. The Accounting Department found that indirect costs amount to $100 per day, while activity direct costs as well as their normal and expedited times are given in the table below. Activity Normal Time (days) Expedited Time (days) Normal Cost ($) Expedited Cost ($) A 32 26 200 500 B 21 20 300 375 C 30 30 200 200 D 45 40 200 800 E 26 20 700 1,360 F 28 24 1,000 1,160 G 20 18 400 550 From this table you can compute the direct cost incurred by expediting an…
Present five (5) main tasks that you could divide the entire project into to get the results you want. For each parent task, determine a related child task. Present a schedule of the estimated duration of each of the main tasks broken down in the previous instruction. Determine the total time of the project. Mention the aspects that you must consider during the project control stage. Establish the most important elements to consider for closing the project.
My project is to build the Army's new ACFT test. This project will take two years to complete. Initial Investment will be 75,000. The start date is 8 November 2023. The PT test would consist of running 6 lanes and then a two mile run . We would have to obtain all the equipment before transferring over but we also need a testing phase. After testing phase we need PT graders then implement of the new PT test. Part 1: Project Scope Create a Project Scope for your project. You can follow the examples in your textbook. For this project the following items are necessary in the Scope Statement: · Project Objective · Project Deliverables · List several milestones · Technical Requirements · Project Constraints or Limits · Ethical and Social Responsibility considerations · Customer review (The name of your Instructor) Part 2: WBS Next create the Work Breakdown Structure (WBS) for your project. You will need to have at least 20 tasks. You should break the work down to a level…