Given a project with the following characteristics, answer the following questions: 1. You are the project manager of a project to build fancy birdhouses. 2. You are to build two birdhouses a month for 12 months. 3. Each birdhouse is planned to cost $100. 4. Your project is scheduled to last for 12 months. 5. It is the beginning of month 10. 6. You have built 20 birdhouses and your CPI is 0.9091. a.Based on the given characteristics, justify the performances of the project in terms of cost and schedule B. Compute the schedule performance index (SPI) of the project. C.You are required to compute the project’s percentage of completion and present it to the Senior management. Derive the necessary formula for the percentage. Enable GingerCannot connect to Ginger Check your internet connection or reload the browserDisable in this text fieldRephraseRephrase current sentence3Edit in Ginger×

Given a project with the following characteristics, answer the following questions: 1. You are the project manager of a project to build fancy birdhouses. 2. You are to build two birdhouses a month for 12 months. 3. Each birdhouse is planned to cost $100. 4. Your project is scheduled to last for 12 months. 5. It is the beginning of month 10. 6. You have built 20 birdhouses and your CPI is 0.9091. a.Based on the given characteristics, justify the performances of the project in terms of cost and schedule B. Compute the schedule performance index (SPI) of the project. C.You are required to compute the project’s percentage of completion and present it to the Senior management. Derive the necessary formula for the percentage. Enable GingerCannot connect to Ginger Check your internet connection or reload the browserDisable in this text fieldRephraseRephrase current sentence3Edit in Ginger×

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

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Given a project with the following characteristics, answer the following questions:You are the project manager of a project to build fancy birdhouses.You are to build two birdhouses a month for 12 months.Each birdhouse is planned to cost $100.Your project is scheduled to last for 12 months.It is the beginning of month 10. You have built 20 birdhouses and your CPI is 9091. a. Assuming that the COST variance experienced so far in the project will continue, how much more moneywill it take to complete the project? b. If the variance experienced so far were to stop, what is the project's estimate at completion?
IT PROJECT MANAGEMENT:EX 2.4 You have a project to be completed in 12 months, and the budget of the project is R100, 000. 6 months have passed, and R60, 000 has been spent., but on closer view you find that only 40% of work has been completed so far. Given in question : Actual cost (AC) =R60 000 Earned Value (EV) =40% of R100 000 =R40 000 Find the project's cost varience (CV) and determine if you are under budget or over budget.
You are a project manager carrying out the first adaptive project for the company. For each iteration, you will need to ensure your team carries out all of the following except: D. Develop Project Charter A. Collect Requirements C. Create WBS B. Define Scope
Dan, the project manager, has indicated in a planning meeting that the team should identify and avoid any circumstances of ‘scope creep.’ What does Dan means? Select one: a. He does not want the team members to discuss the project scope with other project stakeholders b. He wants to be the only person responsible for scope management throughout the project duration c. He wants the team members to make any changes to the project scope that they deem necessary d. He does not want the continuous or uncontrolled growth and changes in the project's scope at any point after the project begins
Do make sure you answer all the three as I am aware of your guidelines and also, all the questions lies under the same concept, thank you in advance. A. Identify the three major criteria (trade-offs) a project manager must consider in establishing priorities in project management. List the three criteria and explain one of them. B. identify two conditions to choose between the Top-down and Bottom-up approaches to estimate time and cost of projects. C. Identify two sources of risks, a good project manager should take into consideration in preparation for project management.
You’re managing a project with a schedule performance index (SPI) of 1.07and a cost performance index (CPI) of 0.94. How would you BEST describethis project?A. The project is ahead of schedule and within its budgetB. The project is behind schedule and within its budgetC. The project is ahead of its schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the BEST example of a reward system?A. Everyone will get a bonus of $500 if the project meets its quality goals, $500 if itmeets its budget goals, and $600 if it comes in on time.B. The team member who works the hardest will receive $1000C. The five team members who put in the most hours will get a trip to DisneylandD. The team will only get a bonus if the project comes in 50% under budget, scheduleand quality metric goals. Even though the team leads know this goal is unrealistic,they agree that it will motivate the team to work harder”
You’re managing an industrial design project. Your project is currently in theInitiating phase. The project charter has been created, and you are workingon developing the preliminary scope statement. Which of the following isNOT something that you should do?A. Create the change control systemB. Document initial project risksC. Identify internal and external constraintsD. Write down any assumptions that you have made Alberto is the project manager of a software implementation project.His company has made an organization wide decision to move to a newaccounting and human resources software package. He has read thatsome projects to implement the same package have resulted in the loss ofpersonnel data when they tried to import it into the new system. He backsup the data so that it could be restored in the event of such a problem butalso buys insurance to cover the cost of keying in the data manually if theimplementation doesn’t work. Which response strategies are Albertousing?A.…
Explain how a project manager could use scope, time, and quality to address a potential cost overruns on a project? Give examples.
You have been assigned to be a member of a project review team to determine the “health” of project # WINGS3, and you will have to tell the division manager whether or not you predict that the project will be done according to the plan. The project manager gave you the following data about her program: BAC = 16,000; EAC = 17,500; AC = 13,250; EV = 10,000; Based on Earned Value metrics, what do you tell your manager? a. There are no problems, the project is great. b. The project is not on plan, but will finish on plan if they are about 11% more efficient. c. The Project is slightly behind, but should be able to finish on time. d. The Project is in serious trouble and plan on the infusion of additional funds to finish even close to on time. e. You cannot tell based on the metrics above. f. You have no idea what to say; they asked the wrong person.
Projects vary in the level of visibility or scrunity they entertain. What are some of the causes of such variation? Do you think projects in your track have such variability? If so, how do you think a project manager can address this? If not, please explain why?In what ways do you think that setting expectations when non-experts are involved is a problem, and how do you think a project manager can address this?In what ways do you think that scoping projects that are cutting edge or don’t have a lot of precedents is a problem, and how do you think a project manager can address this?What do you think are the special problems for project initiation for projects in your track? In answering this question, you might reference some of the challenges identified in earlier questions and/or identify some additional ones. Be sure to explain why these are special problems for your track (that is, they aren’t experienced in the majority of other types of projects). If you include…
What are the benefits and drawbacks of starting a project using a model that has already been constructed vs a blank piece of paper?
Critically assess and comment on the success of the project from the followingviewpoints: a. Level or degree of alignment of end results and outcomes to the organization’sstrategic goals.b. Level of success in the management of the triple constraints of time, cost, andscope.