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Assume you have completed three months of the project and have actual data. The BAC was $500,000 for this six-month project. Also assume the following: PV $160,000 EV $150,000 AC $180,000 Using this information, write a short report that answers the following questions. a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b. Use the CPI to calculate the estimate at completion (EAC) for this project. Use the SPI to estimate how long it will take to finish this project. Sketch an earned value chart using the above information, including the EAC point. See Figure 7-6 as a guide. Write a paragraph explaining what this chart shows. c. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Should you alert your sponsor or other senior management and ask for assistance?
If you had a choice between a traditional unrestricted indemnity plan with a 10% copayment and a HMO with no copayment, at what percentage difference in premiums (that is, 10%, 20%, 30%) would you be indifferent between the plans? If you become older..
What is the probability that a caller will get a busy signal? (Hint: Solve for log K or ln K using trial and error.) What is the probability that a customer will be put on hold?
A grocery shop that makes candles offers a scented candle, which can be produced at a rate of 36 boxes per day and used 12 boxes per day. Assume that demand is uniform throughout the year and the shop opens for 360 days. Setup cost is $80 for a run, ..
Harry and Melissa Jacobson produce handcrafted furniture in a workshop on their farm. They have obtained a load of 600 board feet of birch from a neighbor and are planning to produce round kitchen tables and ladder-back chairs during the next 3 month..
Which beneift does not apply to the new search result? Westlaw is Natural. Both the original search terms and the new Search within Results term are highlighted within the results.
Riverside Metal Works produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an 8-hour shift. Calculate the labor productivity of the line.
We saw in the Windsor Glass and Profit & Gambit problems that the same excel model worked for both of these problems. However, they were quite different. Compare and contrast Windsor Glass with the Profit and Gambit problem. Include in your answer th..
In a manufacturing system, parts arrive at an electronic inspection station following a Poisson process with rate of 1 per minute. Suppose that 5% of the parts are defective and the inspection identies all defective items immediately upon arrival. As..
Select four tools and describe how they could be used for process improvement.
describe the information systems that a typical restaurant might use and the tasks these systems perform. how might
what is bakers inventory turnover? what is the percent of bakers assets committed to inventory? how does bakers performance compare to Arrow distrubuting?
Adrian Lee is a recent AMME graduate. A few years ago he launched his new incorporated business, “Meter Marshall”. Adrian is a keen inventor and entrepreneur. He developed a novel current detection & monitoring device as part of his undergraduate the..
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