On March 1, the project manager received three status reports indicating resource utilization to date. Shown below
Question:
a. As of the end of week 4, how much time is required to complete the project (i.e., time to complete)?
b. At the end of week 4, are you over/under budget, and by how much, for the work (either partial or full) that has been completed to date? (This is not a cost to complete.)
c. At what point in time should the decision be made to crash activities?
d. Either construct a single table by which cost and performance data are more easily seen, or modify the above tables accordingly.
To solve this problem, you must make an assumption about the relationship between percent complete and time/cost. In the project planning budget table, assume that percent complete is linear with time and nonlinear with cost (i.e., cost must be read fromtable).
Step by Step Answer:
Project Management A Systems Approach to Planning Scheduling and Controlling
ISBN: 978-0470278703
10th Edition
Authors: Harold Kerzner