3. Project Monitoring (Earned Value Analysis)You have been given a project to transfer 10,000 units of water from the South to theNorth over 50 days. You planned to produce at a steady rate of 25 units per day. Thebudget cost per unit of water is 50p. The total project budget is £5000. At the end ofday 10 you have transferred 130 units at a cost of £950 (AC).a)Calculate the Planned Value (PV) and theEarned Value (EV) of the projectb)Calculate the Schedule Variance (SV) and theSchedule performance index (SPI)c)Calculate the Cost Variance (CV) and theCost performance index (CPI)d) Calculate and explain the Estimate at Completion (EAC) Case StudyThe South-to-North Water Diversion Project in China is the largest of its kind everundertaken. The project involves drawing water from southern rivers and supplying itto the dry north.This massive scheme has already taken 50 years from conception to commencementand is expected to take almost as long to construct. Planned for completion in 2050, itwill eventually divert 44.8 billion cubic metres of water annually to the populationcentres of the drier north.When finished, the work will link China's four main rivers - the Yangtze, Yellow River,Huaihe and Haihe - and requires the construction of three diversion routes, stretchingsouth-to-north across the eastern, central and western parts of the country.The complete project is expected to cost $62bn - more than twice as much as thecountry's controversial Three Gorges Dam.

Given- Budget at Completion = £5000Actual cost (AC) = £950Total Output = 10,000 unitsSteady Rate =…

Answered: 3. Project Monitoring (Earned Value…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Case Study The South-to-North Water Diversion Project in China is the largest of its kind ever undertaken. The project involves drawing water from southern rivers and supplying it to the dry north. This massive scheme has already taken 50 years from conception to commencement and is expected to take almost as long to construct. Planned for completion in 2050, it will eventually divert 44.8 billion cubic metres of water annually to the population centres of the drier north. When finished, the work will link China's four main rivers - the Yangtze, Yellow River, Huaihe and Haihe - and requires the construction of three diversion routes, stretching south-to-north across the eastern, central and western parts of the country. The complete project is expected to cost $62bn - more than twice as much as the country's controversial Three Gorges Dam. 1. Project Leadership a) b) Using appropriate leadership theories, define leadership and critically explain 4 leadership traits that can support the…
The equivalent of a new kindergarten class is born every day at Orlando’s Arnold Palmer Hospital. With more than 13,000 births in a hospital that was designed for a capacity of 6,500 births a year, the newborn intensive care unit was stretched to the limit. Moreover, with continuing strong population growth in central Florida, the hospital was often full. It was clear that new facilities were needed. After much analysis, forecasting, and discussion, the management team decided to build a new 273-bed building across the street from the existing hospital. But the facility had to be built in accordance with the hospital’s Guiding Principles and its uniqueness as a health center dedicated to the specialized needs of women and infants. Those Guiding Principles are: Family-centered focus, a healing environment where privacy and dignity are respected, sanctuary of caring that includes warm, serene surroundings with natural lighting, sincere and dedicated staff providing the highest quality…
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Angel healthcare Ltd., has 2 investment opportunities, each costing $120000 and each have expected profit as shown below: Years Project "A' Project "B' ($) ($) 1 40000 30000 2 30000 40000 3 20000 35000 4 15000 30000 Year 1 2 3 PVIF @ 10% 0.909 0.826 0.751 4 0.683 Compute NPV & Profitability Index, Suggest which Project to be preffered at 10%cost of capital
Why does a feasibility study need so much time and effort?
The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Following are five projects under consideration. Criteria Strong sponsor Supports business strategy Urgency 10% of sales from new products Competition Fill market gap Weight 2 4 2 5 1 2 Project 1 6 8 9 5 4 0 Project 2 9 8 4 2 7 10 Project 3 3 2 3 9 4 8 Project 4 9 6 6 1 4 0 Project 5 6 0 7 4 1 0 Using the scoring matrix above, what score would you give to each project?
The Vice President of the Republic of Zambia launched a pilot project to clear canals on the Barotse flood plains in Western The pilot project estimated to cost 77 million kwacha will be implemented by China Railways and Samutala Management Services. Discus using suitable examples; 4 tangible benefits the canal clearing project will bring to the people of Western Province where the project will be. 4 intangible benefits the canal clearing project will bring to the people of Western province 3 Secondary benefits the canal clearing project will bring to the people of Western Province.
Case stady: Global Village: A tourist attraction Global Village is the region’s leading family outdoor cultural and entertainment destination and one of Dubai’s most exciting and unique annual tourism and cultural destination. The theme park offers a vast selection of multicultural entertainment and retail options. Launched in 1997, Global Village made its entrance on the Creek Side opposite Dubai Municipality, and later moved to Oud Metha and then Dubai Festival City, until it found a permanent home on the outskirts of Dubai Land in 2005. Over the past 17 years, Global Village has been providing cultural entertainment along with an international shopping experience to millions of visitors. From hosting 18 country pavilions in 1997, Global Village has expanded over the years to now include over 37 pavilions, with added entertainment and culinary attractions with every season. Apart from this breathtaking live performances, mouth-watering cuisine, authentic handicrafts and merchandise…
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The Morant Bay Urban Centre in St. Thomas is a major land development project spearheaded by the Ministry of Economic Growth and Job Creation, through the Factories Corporation of Jamaica (FCJ). The first of its kind to be built in Jamaica, the project so far has been plagued by long delays in its roll out, mostly due to the COVID – 19 outbreaks. The project’s location is former Good Year property and adjacent lands and slated to cost about $6 billion. This centre will serve Morant Bay's commercial, industrial and economic needs. Under the contract with China Harbour Engineering Company Limited (CHEC), 80 per cent of the labour force must be Jamaicans and reside in the area. Project managers assigned to this project are expected to manage the effective and efficient delivery of this venture. Key areas of focus will be planning, executing and monitoring. Develop a conceptual project budget for a section or phase of the project and explain how the project cost can be monitored and…
Fort Wayne Plastics Inc is trying to develop a plan for its workforce and production levels for the six-month period from January to June. The firm produces plastic components. Forecast demands over the next six months are 1,304, 633, 809, 1,175, 2,146, and 1,373. There are currently (end of December) 347 workers employed in the plant. Ending inventory in December is expected to be 461 units, and the firm would like to have 575 units on hand at the end of June. The cost of hiring one worker is $546. The cost of firing a worker is $900. The cost of holding one unit of inventory for one month is $60. In the past, the plant manager observed that over 21 working days, with the workforce level constant at 76 workers, the firm produced 233 plastic components. The number of working days per month from January to June for this year is 26, 25, 25, 17, 22, 17. Find the optimal production per month as well as the corresponding optimal cost for this plan. P1 Number P2= Number P3 Number P4 Number…
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