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

Describe the leadership style, Discuss the leadership style, visionary, coa...

Discuss the leadership style, visionary, coaching or afflictive, that would be the best in the given situation below and provide support for your choice. 1) A non-profit agency wis

What is usefulness of materials requirement planning, Q. What is usefulness...

Q. What is usefulness of materials requirement planning first to manufacturing operations? Materials requirement planning (MRP I) is an inventory control system that gives an a

Explain how this can affect people''s sense of responsibility, In the morde...

In the mordern world most people work in organisations. Describe how this can affect people's sense of responsibility and the morality of their conduct.

Central tendency of sample means, Central Tendency of Sample Means As...

Central Tendency of Sample Means As was shown earlier (Advantages of SPC: feedback, the use of individual output measurements as the basis for process adjustment is inappropr

Objectives of work measurement, Objectives of Work Measurement: 1.    ...

Objectives of Work Measurement: 1.       To determine the  standard cost and  as an aid  preparing bidets. 2.        To balance  the crew activities  of those  job requirin

Ppc in mass and flow production system, PPC in Mass and Flow Production Sys...

PPC in Mass and Flow Production System Continuous  production  is the  specialized  manufacturing  of identical  articles on which  the equipment  is  fully  engaged. Continuo

Describe how hr evolved throughout this process, HR has moved from an admin...

HR has moved from an administrative function to a transformational function. This change is based on automating HR functions through an HRIS system. Explain how HR evolved througho

Thoroughly explain two major threats united airlines, Thoroughly describe t...

Thoroughly describe two major threats united airlines is facing

Define the upside for michelle foster if ncy succeeds, What is the upside f...

What is the upside for Michelle Foster if NCY succeeds? What are the professional risks she faces?

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