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You are preparing a project to lay fiber optic cable...
You are preparing a project to lay fiber optic cable. The first task is to mobilize the team. You estimate this will take one week and cost $3000. The second task is to lay the cable. This will take three weeks and will cost $45,000. The total length of the cable is 15 miles. The last task, which will take one week, is to Terminate and test the cable. You budget $5000 for this. At the end of the first week, you have completed mobilization, but it cost a total of $4500. At the end of the third week, you have completed five miles of cable at a total cost of $28,000. It takes you a total of 10 weeks to complete the entire project, for a total cost of $65,000.
a. At the end of week 1:i. What is your SPI?ii. What is your CPI?iii. What is your EAC?
b. At the end of week 3:i. What is your SPI?ii. What is your CPI?iii. What is your EAC?
c. At the end of the project:i. What is your SPI?ii. What is your CPI?iii. What is your EAC?
How does risk identification help with project contingency planning?
From a project management perspective outline the activities required to successfully manage this project, ensuring that it is on time, and within budget.
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What are the basic steps in the project risk management process?
Risk management is a major component of successful project management.
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