Compute the schedule variance and cost performance index, Operation Management

Assignment Help:

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 63% complete. The planners were only expecting to be 52% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,422,000 and it was done for only $1,302,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,502,000 but was actually done for $9,002,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,502,000. To date they have spent $5,002,000 on the superstructure.

Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3 decimal places.)


Related Discussions:- Compute the schedule variance and cost performance index

Calculate the old and new ratios for energy, Angies Bakeries is wooried abo...

Angies Bakeries is wooried about increased costs. The company invested an additional $3000 to make the baker's oven more energy efficient. The ovens are supposed to be 15% more ene

Explain the most appropriate form of ownership, Go to this website www.worl...

Go to this website www.worldfranchising.com . Select any of the hottest new franchises that interest you.. View the site and identify the information about the financial requiremen

MATERIAL REQUIREMENT PLANNING, Ask question #Minimum 100COMPONENTS OF MATER...

Ask question #Minimum 100COMPONENTS OF MATERIAL REQUIREMENT PLANNING words accepted#

Why knowledge is vital supervisor''s tactical planning, Why should a first-...

Why should a first-line supervisor understand the organization's objectives? Why is this knowledge important to the supervisor's tactical planning?

Explain the food stamp and fast foods, Case Study- Food Stamp and Fast Food...

Case Study- Food Stamp and Fast Foods 1. What is the the legal issues involved in the expansion of the SNAP program to the fast food business as well as to how these legal issue

Line balancing, What do you understand by “line balancing”? What happens if...

What do you understand by “line balancing”? What happens if balance doesn’t exist

Operation strategy, What do you mean by operations strategy? Explain in bri...

What do you mean by operations strategy? Explain in brief.

The problem require that it get solved using excel solver, I cannot seem to...

I cannot seem to answer EX. 4a, b and c. from ISN# 978-0-13-274395-2 Pearson Chopra 5th Edition. You provide solutions to discussions questions but not chapter exercises. The probl

Explain tomorrow''s business environment, Write a job description for a pos...

Write a job description for a position in tomorrow's business environment

Explain importance of effective leadership communication, Define logos, eth...

Define logos, ethos, and pathos and explain which of these is most important to effective leadership communication

Write Your Message!

Captcha
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