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

Capacity utilisation, Benefits of outsourcing and how to improve capacity u...

Benefits of outsourcing and how to improve capacity using ratio rastionalisation and sub contracting

Alternative process sequences - products , Alternative process sequences - ...

Alternative process sequences - products Even when the type of process flow has been established, there remains the task of determining the particular sequence of processes t

Explain risks associated with relying on imperfect, No one (or no organizat...

No one (or no organization) would make a decision based off of imperfect information. However, for a variety of reasons, many times organizations have had to function and make deci

Innovation and learning perspective - performance measures, Innovation and ...

Innovation and Learning Perspective - Performance Measures In this perspective, the company emphasises the design and application of business management initiatives that foste

Explain mass customization and personalization, How can company use mass cu...

How can company use mass customization and personalization to decrease buyer power?

Explain manufacturing sector and service sector, As a library or Internet a...

As a library or Internet assignment, find the US productivity rate (increase) last year for the (a) national economy, (b) manufacturing sector, and (c) service sector. Where can yo

Design of goods and services, construct a house of quality matrix for a wri...

construct a house of quality matrix for a wristwatch?

Negative feedback in open system, Negative Feedback in Open System A u...

Negative Feedback in Open System A ubiquitous feature of all open systems is feedback. This is necessary for a system to maintain dynamic equilibrium despite being subjected t

System classification beneficial for operations managers, 1. Referring to t...

1. Referring to the figure, in which category would you place: a chemist shop; Burger King; Direct Line Insurance; Cable Vision; Motorola; a chiropodist; QVC television; Smith-Klin

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