Resource Planning – Project Management
I don’t know how to handle this Management question and need guidance.
Question 1: Reflect on the attached presentations(ppt) chapter 9 and then type a two page paper regarding what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in project planning.
Attached also the project management text book for your reference.
Question 2: Earned-value analysis. A project budget calls for the following expenditures:
|
Task |
Date |
Budgeted Amount |
|
Build forms |
April 1 |
$10,000 |
|
Pour foundation |
April 1 |
$50,000 |
|
May 1 |
$100,000 |
|
|
Frame walls |
May 1 |
$30,000 |
|
June 1 |
$30,000 |
|
|
Remaining tasks |
July 1 and beyond |
$500,000 |
Define each term in your own words, calculate these values for the above project, and show your work:
- Budgeted cost baseline (make a graph illustrating this one)
- Budget at completion (BAC)
- Planned value (PV) as of May 1
- Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
- SV as of May 1.
- Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
- Schedule performance index (SPI)
- Cost performance index (CPI)
- Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
- Estimate at completion (EAC)
- Start by sharing the instructions of your paper with us
- And then follow the progressive flow.
- Have an issue, chat with us now
Regards,
Cathy, CS.
