What is the current progress of the project? The budgeted cost for work scheduled is 700k. Is it on schedule?
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the budget of a project is $1 million. The actual cost for work performed is currently $700k. The budgetted cost for work performed is $660k. What is the current progress of the project? The budgeted cost for work scheduled is 700k. Is it on
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- A project has a budget of $300,000 and is expected to last 10 months, with the work results and budget spread evenly across all months. The project just completed its 3rd month, the work is on schedule, and $65,000 has been spent. What is the cost variance? How efficient (in %) must work progress be to complete on time and within budget?After the first month of a project, the Actual Cost was $400 and the planned cost for the first month was $500. Currently, only 50% of the work have been completed. Based on this information, calculate the following: a.Earned Value b.Cost Variance c.Schedule Variancethere are four project baselines. Scope baseline Schedule baseline Cost baseline Performance measurement baseline Pick one of the baselines above, explain it, and tell us how it is applied to monitor and control a project. If possible, use the Getta Byte Project to provide examples.
- A project consists of three tasks: A, B, and C. Task A is known to take five days forsure. Tasks B and C are each dependent on A. B takes five days. C takes seven dayswith a probability of 0.5 and three days with a probability of 0.5. What is the expectedcompletion time of the project?a. 8 daysb. 10 daysc. 11 daysd. 12 daysPlease review this Gantt chart it should consist a minimum of 10 tasks Create a partial project schedule using a Gantt Chart (with a minimum of 10 tasks). Can you do it in excel format please Part 1 To prepare a Gantt chart for the FAO-funded Aquaponics Project in Barbados, we need to break down the project into individual tasks and then arrange them in a logical order based on their dependencies. Here is a table format Gantt chart for the project: Task Start Date End Date Duration Dependencies Project planning and initiation 01/01/2021 01/15/2021 15 days - Site selection and preparation 01/16/2021 02/15/2021 30 days Project planning and initiation Design and construction of facility 02/16/2021 04/15/2021 60 days Site selection and preparation Procurement of equipment and tools 04/16/2021 05/15/2021 30 days Design and construction of facility Training program development 05/16/2021 06/15/2021 30 days Procurement of equipment and tools Training program…You may need to use the appropriate technology to answer this question. Use the following network with activities and times estimated in days to answer the questions. A project network with 13 activities and 17 directed arcs is shown. Activity Start is connected to activity A, to activity B, and to activity C. Activity A is connected to activity D, to activity E, and to activity F. Activity B is connected to activity F. Activity C is connected to activity G and to activity H. Activity D is connected to activity K. Activity E is connected to activity I. Activity F is connected to activity I. Activity G is connected to activity I. Activity H is connected to activity J. Activity I is connected to activity K. Activity J is connected to activity K. Activity K is connected to activity Finish. Activity Finish has no arcs directed to other activities. Activity Optimistic Most Probable Pessimistic A 2 5 6 B 1 3 7 C 5 6 9 D 5 12 14 E 3 4 5 F 9 10 13 G 4 6 8 H 3 6 8 I 5 7 12 J 11 12 13 K 1 3 4…
- What are the critical activities or tasks in the project—that is, which activities will delay the entire project if they are late?A project has the activity duration and cost information indicated in the table where all times are in weeks. What is the total cost for completing this project in 50 days? Activity Predecessor Normal Time Normal Cost Crash Time Crash Cost A -- 8 $12,000 5 $21,000 B A 12 $20,000 9 $30,000 C A 15 $24,000 10 $60,000 D B 3 $10,000 2 $15,000 E C 9 $17,000 6 $34,000 F E 7 $5,000 6 $6,000 G D 8 $14,000 6 $20,000 H A 12 $22,000 10 $30,000 I H 6 $50,000 5 $55,000 J F, G, I 11 $33,000 9 $50,000When using a project triangle to illustrate conflicting priorities, Microsoft suggests that if the problem is in the fixed leg, work on the other two legs. For example, if the project must not exceed the budget and is starting to run over, adjust the schedule, the scope or both. However, if the problem is not related to a fixed leg, the adjustment might have to be in the remaining leg. So, when faced with an inflexible budget (fixed leg) and the schedule is slipping (problem leg), the project scope (remaining leg) might have to be adjusted. Why is explaining this situation to management sometimes a very difficult task for the systems analyst?
- Consider two projects that have the same activities and the same dependencies. In thefirst project, the activity times are expected outcomes. The actual times will vary. In thesecond project, the activity times are always as expected. Assuming the expected activitytimes are identical across the two projects, which project will be completed first?a. The firstb. The secondc. Cannot be determinedThe following represents a very simple project. The calendar allows for 5 work days (M-F) per week. To keep things simple we won’t separate capital expenses and labour. The cost per activity shown below is total (i.e. not per day). Activity Duration (days) Precedent Cost A 5 None* $500 B 7 None* $1000 C 3 A , B $400 D 4 C** $500 E 6 C** $800 * Except for ‘Start’ ** The project can only be signed off once D and E have been completed. Enter the data into a software tool such as GanttProject, and generate the Gantt chart. Please ensure that: 1.…Suppose you have a project with a Budget at Completion (BAC) of $250,000 and a projected length of 10 months. After tracking the project for six months, you have collected the information in the table below. a. Complete the table. How do Earned Value SPI (based on $) and Earned Schedule SPI differ? b. Calculate the schedule variances for the project for both Earned Value and Earned Schedule. How do the values differ?