What are the cost and schedule variances and the CSI

Assignment Help Operation Management
Reference no: EM131028578

A software development project at day 70 exhibits an actual cost of $78,000 and a scheduled cost of $84,000. The foreman estimates a value completed of $81,000. What are the cost and schedule variances and the CSI? Estimate the time variance. What is your overall interpretation of this result?

Reference no: EM131028578

Questions Cloud

Analyze all of the costs and benefits of outsourcing IT : Analyze all of the costs and benefits of outsourcing IT, and present at least four well-supported reasons why the company should keep the department. Using all of your knowledge up to this point and any external sources necessary, create a presentati..
The social and value dimensions of technology : The Social and Value Dimensions of Technology. Discuss social issues raised by technology regarding privacy and intellectual property. Explain the terms determinism, optimism and pessimism in evaluating technology with regards to social effects.
Executive pay-firms size and top-level managers compensation : "Executive Pay" Please respond to the following: Some evidence suggests that there is a direct and positive relationship between a firm’s size and its top-level managers’ compensation. Explain what inducement you think that relationship provides to u..
Labor hours should the seventh tablet prototype require : The ABC Company is planning to produce seven tablet prototypes that will blow arch-rival Appintosh, Inc. out of its mind. The tablet prototypes will all be produced in a very similar fashion, so they anticipate that learning curves should be consider..
What are the cost and schedule variances and the CSI : A software development project at day 70 exhibits an actual cost of $78,000 and a scheduled cost of $84,000. The foreman estimates a value completed of $81,000. What are the cost and schedule variances and the CSI? Estimate the time variance. What is..
Illustrate with specific examples from your cover letter : What are the two key questions your cover letter should answer? In 25 words or less, please explain how your cover letter answers those questions. Then, illustrate with specific examples from your cover letter.
Traditional adversarial approach to suppliers and customers : Compare and contrast the traditional adversarial approach to suppliers and customers with the supply chain management approach.
Value of a loyal customer in a target market segment : What is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $75 per visit, the frequency of repurchase is 6 times per year, the contribution margin is 10%, and the average customer defection rate is..
Currently only engaged in consumer marketing activities : At the Patterson Corp, you are currently only engaged in consumer marketing activities. However, it has come to your attention that there are companies out there that could use your product as a "component" part in their business. How would you chang..

Reviews

Write a Review

Operation Management Questions & Answers

  Initial evaluation from positive to negative or vice versa

Answer the following questions about evaluations, a specific form of opinion: 1) Share TWO examples of situations in which you changed your initial evaluation from positive to negative or vice versa. Explain how this occurred. 2) Explain, in your own..

  1construct a process flow chart showing times and all flows

1.construct a process flow chart showing times and all flows using all the activities below invent any extra

  Write down a short paper 1-2 pages which explains the

write a short paper 1-2 pages that describes the application of one of the four management principles to an him

  What would be some examples of induction, deduction

What would be some examples of induction, deduction, argument and hypothesis from real life or from your professional life?

  Determine the scope of the district 4 production warehouse

Determine the scope of the District 4 Production Warehouse Move project from the information provided in the case. Using the Project Scope Checklist, prepare a scope document for review and approval by the project sponsor prior to starting the pro..

  What is the probability of producing bad cylinders

The diameter of a machined cylinder is 3 inches but can be as large as 3.03 inches and as small as 2.97 inches. If the process has a grand mean of 3.01 inches and a standard deviation of 0.02 inches. What is the probability of producing bad cylind..

  What are three cost-containment measures

What are three cost-containment measures that were implemented through the collective bargaining process in 1985? Why were these considered milestones in curtailing health benefit costs to employees?

  How market of resources are created and managed

Discuss the purpose of and elements of the cost-and-effort analysis. Do you think that development in market of resources will affect the relationships between clients? How Market of Resources are created and managed?

  Compute the total cost of ordering and carrying flour

A large bakery buys flour in 25-pound bags. The bakery uses an average of 4600 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order.

  Create risk responses for each of the 15 risks

Create risk responses (reduce probability, reduce impact, and respond) for each of the 15 risks you identified and assessed in the prior unit.

  Identify and describe the three 3 processes of social

historically four 4 social revolutions have occurred as a result of new technologies identify the technologies which

  Compare the advantages and disadvantages of these two strate

Boeing strategy appears to focus on its 777 midsize plane ability to fly into smaller, nonhub airports. Rival European Airbus strategy appears to focus on large planes. Compare the advantages and disadvantages of these two strategies.

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