Reference no: EM13968969
Peak Lighting, Inc. develops stages, lighting systems, and special effects for the concert tours of major musical acts. Recently, they were approached by Bullwhip, a popular band, to develop the stage, lighting, and special effects for its upcoming tour. Currently, the project is at the end of its seventh week.
The project includes five major tasks. It starts with task A that lasts for 4 weeks, and task D that lasts for 5 weeks. Task A is to develop a sound track for the concert based on the song list the band provides it for the tour. Using the sound track, Peak's supporting staff develop a synchronized lighting and special effects show on a computer that allows them to view an animated stage with lighting and special effects as the sound track is being played. The budget cost of Task A is $400, and the actual cost at the seventh week is $500 with 100% completion. Task D, which starts at the same time with Task A, is to recruit project team members working on the stage construction, lighting and special effects later. The budget cost is $900, and the actual cost at the seventh week is $900 with 100% completion.
After finishing task A, task B and task E start in parallel. Task B lasts for 2 weeks. It involves ordering the required materials for the stage, lighting, and special effects from outside suppliers. The budget cost of task B is $300, and its actual cost at the seventh week is $350 with 100% completion. For task E, it lasts for 4 weeks. Task E is to file the sound control plan with the related government departments. It takes 4 weeks for this process. The budget cost of task E is $600, and the actual cost at the seventh week is $500 with 20% of completion.
Task C is the last task in this project, and it lasts for 5 days. It starts after the completion of both task B and task D. Task C involves constructing the stage with the lighting and special effects. Also, the lighting and special effects are tested and enhanced in this task. The budget cost of it is $750, and the actual cost at the seventh week is $400 with 10% completion.
Eric Page was recently hired as Peak's VP of Operations. All the project managers that oversee the stage and lighting projects report to Eric. He is reviewing the most recent progress report for the Bullwhip project using value earned method. Based on the above information, please help to ask the following questions from Eric.
1- What is the Planned Value of the project?
2-What is the Actual Value of the project?
3-What is the Earned Value?
4-What is the Critical Ratio of the project using earned value calculations?
5-What is the Budget at Completion for the project?
|
Applied case study-strategic management
: In this chapter, refer back to three organizational charts that are illustrated. Southwest Airline, Hersey Foods and Microsoft. For each chart, identify four shortcomings based on the guidelines presented in this chapter. (Applied Case Study-Strategi..
|
|
Documentation for management tools to utilize with system
: First, provide the meaning of the acronym SMART with respect to training goals. Then, consider these four training objectives. Rewrite them as two SMART training goals. The use of the software and documentation for better management tools to utilize ..
|
|
Uses a periodic review inventory system
: Fan manufacturer uses a periodic review inventory system to purchase electric motors. The review period is 4 weeks and the lead time is 2 week. Demand for electric motors is normally distributed with a mean of 800 per week and a standard deviation of..
|
|
Combinations of product-communications strategies
: There are various combinations of product/communications strategies available to global marketers. Research and discuss several companies that you think exhibit successful strategies in their global communication strategies.
|
|
Critical ratio of the project using earned value calculation
: Peak Lighting, Inc. develops stages, lighting systems, and special effects for the concert tours of major musical acts. Recently, they were approached by Bullwhip, a popular band, to develop the stage, lighting, and special effects for its upcoming t..
|
|
Develops a strategy for effective advertising appeals
: Assume that you are the marketing director for a global project. What issues would you make sure that your art directors and copywriters take into account as your company develops a strategy for effective advertising appeals?
|
|
What are the advantages of early globalization
: What are the advantages of early globalization? What are the disadvantages of early globalization?
|
|
Total cost to the garage for purchsing this item annually
: A service garage uses 120 boxes of cleaning cloths per year. The boxes cost $6/each. Ordering costs are $3/order. Holding cost is 10% of the purchase price per unit per year. What is the total cost (TC) to the garage for purchsing this item annually ..
|
|
The supplier is offering a purchase price break
: A service garage uses 120 boxes of cleaning cloths per year. The boxes cost $6/each. Ordering costs are $3/order and holding cost is 10% of the purchase price per box per year. The supplier is offering a purchase price break. If the garage orders 50 ..
|