Question
Assume you are the project manager and based on your customers requirements you have determined there are four main tasks in a Dream Kitchen project.
Assume you are the project manager and based on your customers requirements you have determined there are four main tasks in a Dream Kitchen project. Each task has been assigned each a TBC. Specifically, the customer wants the old kitchen and a load-bearing wall removed and damage from a prior leak repaired (Task 1 - $20,000); all plumbing and electrical reconfigured and new drywall (Task 2 - $18,000); new flooring, cabinets, countertops, tile backsplash, and appliances purchased and installed (Task 3 - $35,000); and trim, painting, cleanup (remove dumpster) done (Task 4 - $5,000). You estimate this will take 5 weeks to complete. The costs are budgeted as follows: Assume the project continues to completion with no changes to the CPI, what is the expected FCAC? Is this under or over budget? Assume the project continues based on its original budgeted costs, what is the expected FCAC? Is this under or over budget? Using the SPI, is this project is on schedule? Bonus points (+5): Assume the project continues based on its original budgeted cost except that there is a $7,500 change order from the customer for a rapid electric car charger on a wall the kitchen shares with the garage. What are the new expected FCACs? Do you think it can still be finished in the 5-week time period? Why/why not?
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