Baseline for evaluating project performance

Assignment Help Basic Computer Science
Reference no: EM13919260

Tony Prince and his team working on the Recreation and Wellness Intranet Project have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in six months for under $200,000.

TASKS

1. Prepare and save a one-page cost model for the project, similar to the one provided in Figure 7-2. Use the following WBS, and be sure to document assumptions you make in preparing the cost model. Assume a labor rate of $100/hour for the project manager and $60/hour for other project team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $200,000.

1. Project management

2. Requirements definition

3. Web site design

3.1 Registration for recreational programs

3.2 Registration for classes and programs

3.3 Tracking system

3.4 Incentive system

4. Web site development

4.1 Registration for recreational programs

4.2 Registration for classes and programs

4.3 Tracking system

4.4 Incentive system

5. Testing

6. Training, roll out, and support

2. Assume you have completed three months of the project. The BAC was $200,000 for this six-month project. Also assume the following:

PV = $ 120,000

EV = $ 100,000

1 Kathy Schwalbe, "Information Technology Project Management," Revised 6e and 7e, End of Chapter 7

AC = $ 90,000

a. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

b. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?

c. Use the schedule performance index (SPI) to estimate how long it will take to finish this project.

Reference no: EM13919260

Questions Cloud

What is the balance in additional paid-in capital : The corporation issued half the stock for cash at $8 per share, earned $336,000 during the first three months of operation, and declared a cash dividend of $60,000. At the end of the year, what is the balance in additional paid-in capital?
Data about temperature and pressure for days : Problem:  Once launched a weather balloon can gather data about temperature and pressure for days.  During the day the sun will warm the helium in the balloon and the balloon will rise to a higher altitude.  At night, the helium will cool and the ..
What are the benefits of international standardization : What is ISO? What are the benefits of international standardization? How have the ISO 9000 standards been received worldwide? What are the latest changes in ISO 9000 (2000)? What are the basic principles of the latest revision to the ISO 9000 stan..
Narrow application of management accounting : The narrow application of management accounting that deals with costing products is known as:
Baseline for evaluating project performance : Tony Prince and his team working on the Recreation and Wellness Intranet Project have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performa..
Identify how your company uses quality management : Identify how your company uses quality management. Identify different areas for quality measurement and management. What types of quality tools and techniques are the best to be employed, process control, quality tools, employee involvement?
Pension obligations : Pension obligations-Short-term debt-Cash holdings-Taxes payable-Accounts payable
Type of activity that is used to proportionately distribute : Some item or type of activity that is used to proportionately distribute manufacturing overhead cost to the product being produced is known as:
Construct counterexamples to the following given statements : Construct counterexamples to the following statements: For x ∈ R: 'If x is not rational then χ - 1/ χ is not rational'. For p ∈ N: 'If p is prime then 2p - 1 or 2p + 1 is prime'

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd