Wil fence is a large timber and christmas tree

Assignment Help Project Management
Reference no: EM13250096

Wil Fence is a large timber and Christmas tree farmer who is attending a project management class in the fall, his off season. When the class topic came to earned value, he was perplexed. Isn’t he using EV? Each summer Wil hires crews to shear fields of Christmas trees for the coming Holiday season. Shearing entails having a worker use a large machete to shear the branches of the tree into a nice, cone shaped tree. Will describe his business as follows: 

A. I count the number of Douglas Fir Christmas trees in the field (24,000). 
B. Next, I agree on a contract lump sum for shearing with a crew boss for the whole field ($30,000). 
C. When partial payment for work completed arrives (5 days later), I count or estimate the actual number sheared (6,000 trees). I take the actual as a percent of the total to be sheared, multiply the percent complete by total contract amount for the partial payment [(6,000/$30,000 = 25%), (.25 X $30,000 5 $7500)]. 

1. Is Wil over, on, or below cost and schedule? Is Wil using earned value? 
2. How can Wil set up a scheduling variance? 

Reference no: EM13250096

Questions Cloud

Tabulate the frequency-peak values and average powers : A full wave rectified current has a peak value of 20 A and a period of 2ms. Assume the current is flowing in a 50 ohm resistance. Tabulate frequency, peak values and average powers of the first four nonzero compoents in the spectrum.
Building a payroll program for a large organization : Application Architecture. You have been tasked with building a payroll program for a large organization with offices spread across the United States.
Determine what is the population of interest : A consumer protection agency conducts opinion polls to determine the quality (excellent, good, fair, bad) of products imported. if the agency conducted a poll in wich 1000 randomly selected individuals were contacted..
Define what is the ph at the point in a titration : What is the pH at the point in a titration at which 20ml of 1.0M KOH has been added to 25ml of 1.0M HBr
Wil fence is a large timber and christmas tree : Wil Fence is a large timber and Christmas tree farmer who is attending a project management class in the fall, his off season. When the class topic came to earned value, he was perplexed. Isn’t he using EV?
Calculate the barrels velocity : A 120 kg barrel which is initially at rest is rolled down an inclined plane. The friction between the barrel and the surface of the plane is negligible, calculate the barrel's velocity when it reaches the ground level
Explain what is the ph of the solution made by combining : A solution is made by combining 500ml of .10M HF with 300ml of .15M NaF. What is the pH of the solution? (Ka=7.2e-4 for HF)
What is the shape of the trash compactor life cycle : What problems can account for this poor acceptance? What is the shape of the trash compactor life cycle?
Explain what is the value of ksp for ag2co3 : The solubility of Ag2CO3 in water is 2.58e-4 moles in 2 liters at 25 degrees celcius. What is the value of Ksp for Ag2CO3

Reviews

Write a Review

Project Management Questions & Answers

  Describe qualitative and quantitative risk analysis

Compose project plan and sub-plans that establish how various organizational elements will work and interface to include problem resolution processes.

  Steps to starting project size of directed research project

What do you feel are important first steps when it comes to starting a project the size of the directed research project?

  How the project will be measured for success

Project charter: Using the above scenario, prepare a project charter. Include the problem statement, justification for the project, and how the project will be measured for success.

  The factors that influence the monitoring of project work

What are the activities that are related to the Management of Project Execution? (b) Monitoring is an aspect of Project Management performed throughout the Project. What are the factors that influence the monitoring and control of project work?

  Buiness management

Evaluate your current or former manager on each of the five components of emotional intelligence and explain how you can apply the principles of emotional intelligence to your current situation?

  Test hypothesis using data

A writing an article about call centre working conditions a reporter has claimed that the average tenure is no more than two years. Formulate and test a hypothesis using these data to determine if this claim can be disputed.

  Critical path of a pert chart

Project Timelines - Critical Path and PERT - In terms of creating a timeline, what is understand by the critical path of a PERT chart

  The expected benefit of selecting machine

the expected benefit of selecting machine B is $80,000, and the expected benefit of selecting machine C is $60,000?

  Describing a work-related of target busines

Describe a work-related situation you feel could be improved, using a restaurant as the target business.

  What is the critical path when normal activities are used

What is the critical path when normal activities are used and evaluate the minimum total direct cost for each of the following project durations

  Computing contribution margin per unit

The depreciation expense is $2,400 a year. What is the contribution margin per unit?

  Importance of a project kick-off meeting

Explain the importance of a project kick-off meeting, and what needs to be reviewed in that meeting.

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