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

Estimate the mean and standard deviation, 1. How do variables and attribute...

1. How do variables and attributes differ?  2. Estimate the mean and standard deviation of the following measurements.

Explain coca cola''s change in sales policy, How would you respond to Coca ...

How would you respond to Coca Cola's change in sales policy? How would you ensure Pepsi's board that this response will allow you to remain competitive and profitable?

Explain when the doctor dictates a decimal such as point1, What do you do w...

What do you do when the doctor dictates a decimal such as "point 1"?

Explain the behaviors needed from leaders, Given the new science realities,...

Given the new science realities, write your ropes to know and ropes to skip for leaders, including guidelines for planning, measuring, motivating people, managing change and inform

Define job evaluation, Define job evaluation. Definition: Job evaluatio...

Define job evaluation. Definition: Job evaluation is a systematic process of evaluating various jobs of an organization. Depending on the characteristics and needs of a job, jo

Provide examples of organizational situations, Give examples of organizatio...

Give examples of organizational situations that would call for transformational, transactional or charismatic leadership. I have an example of transformational, just can't quite

Product layout, define the following key terms in product layout; product i...

define the following key terms in product layout; product interval time, product duration, asssembly line balancing.

Assignment, Analyze the strategic role of operations management in terms of...

Analyze the strategic role of operations management in terms of organizational and operational objectives.

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