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

It is vital to assign a unique number, It is important to assign a unique n...

It is important to assign a unique number to every component in the project Work Breakdown Structure.

Compute the standard time for each work, The Arkade Company has decided to ...

The Arkade Company has decided to use a 15 percent allowance factor based on job time. Calculate the standard time for each work element and for the total job. The frequency equals

Calculate seasonal index for all quarter, The number of visitors at a theme...

The number of visitors at a theme park by season and year has been recorded and is given in the following table: Quarter 2003 2004 2005 2006 Winter 45 46 35 16 Spr

Explain agreed based on prisoner''s privacy concerns, 1. In Everson v. Mich...

1. In Everson v. Michigan Department of Corrections, the defendant claimed that hiring only female Corrections and Residential Housing Unit Officers was justified as a BFOQ. The co

mba, What happens if balance doesn’t exis

What happens if balance doesn’t exist

Design of products and services, the purpose of the design activity in comp...

the purpose of the design activity in companies is to come up with products/services which willsatisfy the needs of customers/clients. which one of the fololowing statements is inc

Explain processes losses be avoided, What are some processes losses that ar...

What are some processes losses that are likely to occur in teams such as those at ICU Medical Inc? How can these processes losses be avoided?

Objectives of good layout, Objectives of Good Layout Any of the follow...

Objectives of Good Layout Any of the following objectives might be achieved through a good layout: Provide enough production capacity. Reduce material handlin

Describe the legal and ethical issues surrounding solyndra, Discuss the leg...

Discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. You will need to research the company through the University library. Inco

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

What do you understand by “line balancing”?

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