Compute estimated total cost at completion of the project

Assignment Help Operation Management
Reference no: EM131276815

Planned duration of a project is 28 weeks. Budget at completion for the project is $525,000.

The project is in its 25th week. The actual cost (thus far) is $270,000. At this point in the plan, the planned cost was expected to be $261,000. For the work performed to date, the earned value is estimated at $272,000.

Compute the following for the project:

Cost variance.

Schedule variance.

If rest of the project is assumed to be completed at the current cost performance level, compute estimated total cost at completion of the project.

If rest of the project is assumed to be completed at the current schedule performance level, compute estimated project completion time.

Reference no: EM131276815

Questions Cloud

Shade feasible region-associated objective function value : Identify each constraint (1, 2, 3, 4, 5, and 6) and the objective function line on your graph. Shade the feasible region. What is the optimal solution? What is the associated objective function value?
Is more rapid turnover among employees beneficial to firm : It is generally agreed that the current workers have a very small probability of being employed by the same firm throughout their work lives. In previous generations it was common for people to have just one employer. Is more rapid turnover among emp..
Marketing departments report to the head of sales : Marketing departments report to the head of sales, should be the other way around where the sales department reports to a marketing director?
Workplace enhances employee performance : Why do you think that use of personal devices in the workplace enhances employee performance? How is the work-home balance improved with dual-use-devices? How has IT improved security features of employee dual-use devices?
Compute estimated total cost at completion of the project : Planned duration of a project is 28 weeks. Budget at completion for the project is $525,000. Cost variance. Schedule variance. If rest of the project is assumed to be completed at the current cost performance level, compute estimated total cost at co..
Identify the different segments of the automobile market : Review the important themes within the sub questions of each bullet point. The sub questions are designed to get you thinking about some of the important issues. Identify the different segments of the automobile market. Discuss the types of people wh..
Statements about world population trends : Which of the following statements about world population trends are TRUE: Adam showed Tom that he has a gun then he asked Tom to sign a contract transferring the ownership of Tom’s land to Adam. In this situation
Ethics is a hot topic in business : Ethics is a hot topic in business, as well as in Project Management. Read the PDF entitled "Ethics in Project Management". Using some of the examples presented therein, what kinds of dilemmas have you either seen, encountered, or can envision from yo..
Analyze the use of an enterprise software systems : Analyze the use of an Enterprise Software Systems (ESS) in a health care organization with regard to its effects on operational outcomes.  Based on the recommendations that you made in the Part I of this discussion, determine a significant drawback o..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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