Assume you are the project manager and based on your customer's requirements you havedetermined there are four main tasks in a Dream Backyard project and have assigned each a TBC.Specifically, the customer wants the backyard leveled (Task 1 $15,000); wants a coveredoutdoor kitchen with a hot tub and firepit (Task 2 - $20,000), a retaining wall with fencing built-in (Task 3-$25,000), and a pool with waterfall (Task 4- $60,000). You estimate this will take 5weeks to complete. The costs are budgeted as follows:Budgeted Per Week (in 000's)TBC123 45Task 16634Task 223104187864Task 3 25Task 46010 25 20 5What is the total cumulative TBC? What is TBC at the end of week 4?The total TBC is $120,000The TBC at the end of the week 4 is $110,000ssume 4 weeks have passed and these are the actual costs per week:Actual Costs Per Week (in 000's)1234Task 11253Task 247164Task 3105Task 41117What is the CAC at the end of week 4?12281520615

Given data: TBC Task 1= $15000 TBC Task 2= $20000 TBC Task 3= $25000 TBC Task 4= $60000

Answered: Assume you are the project manager and…

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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Assume you are the project manager and based on your customer’s requirements you have determined there are four main tasks in a Dream Backyard project. Each phase has been assigned a TBC. Specifically, the customer wants a pool and spa built (Task 1 - $40,000); all plumbing, electrical, and mechanical installed (Task 2 - $23,000); a pool deck with planters and a raised fire pit (Task 3 - $15,000); and landscaping and clean up (Task 4 - $6,000). You estimate this will take 5 weeks to complete. The costs are budgeted as follows: Budgeted Per Week (in 000’s) TBC 1 2 3 4 5 Task 1 40 10 15 10 5 Task 2 23 6 10 5 2 Task 3 15 9 4 2 Task 4 6 3 3 What is the total cumulative TBC? What is TBC at the end of week 4? Assume 4 weeks have passed and these are the actual costs per week: Actual Costs Per Week (in 000’s) 1 2 3 4 Task 1 15 21 12 6…
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