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After week 5 in the project your project accountant provided you with the latest financial data for the four construction packages you are managing (see
After week 5 in the project your project accountant provided you with the latest financial data for the four construction packages you are managing (see Table 2). Each of the four projects are pipe laying operations of the same time and cost magnitude and very similar site conditions i.e. 8 weeks scheduled time and $84,000 budgeted costs. However, each of these projects has a different foreman with different levels of experience and management ability. Table 2 Project Financial Data From the above-mentioned project's financial information: a) Draw the cost curve for Project A? Include BCWS, BCWP and ACWP details and fully label the curve? b) What are the Schedule Variance (SV) and Cost Variance (CV) for the four projects at week 5? Describe the status of each of the four projects A, B, C, and D detailed above? c) In detail, describe what may have caused each of these situations in the four work packages? Explore the advantages and disadvantages of each situation and outline some deeper management considerations that may have contributed? d) Identify the under performing projects and suggest some management strategies to regain control of the schedule and/or cost situation? After week 5 in the project your project accountant provided you with the latest financial data for the four construction packages you are managing (see Table 2). Each of the four projects are pipe laying operations of the same time and cost magnitude and very similar site conditions i.e. 8 weeks scheduled time and $84,000 budgeted costs. However, each of these projects has a different foreman with different levels of experience and management ability. Table 2 Project Financial Data From the above-mentioned project's financial information: a) Draw the cost curve for Project A? Include BCWS, BCWP and ACWP details and fully label the curve? b) What are the Schedule Variance (SV) and Cost Variance (CV) for the four projects at week 5? Describe the status of each of the four projects A, B, C, and D detailed above? c) In detail, describe what may have caused each of these situations in the four work packages? Explore the advantages and disadvantages of each situation and outline some deeper management considerations that may have contributed? d) Identify the under performing projects and suggest some management strategies to regain control of the schedule and/or cost situation
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