Be sure to show all calculations, preferably in an EXCEL file. Each problem is of equal value. Each part of a problem is equal.

Problem 4. Solve the following Case:

Stoneworth Paving Company specializes in highway paving jobs for state of Virginia. When the State first awarded Stoneworth the contract, they stipulated a 1% penalty for each week Stoneworth was late on a completion date. Preston Flintrock, the project coordinator for Stoneworth, began to notice that the last two jobs were three weeks late, and the paving job that was due to be completed in the next two weeks was behind schedule. When Preston went in the field to investigate, he found the job to be understaffed, supplier delays, and a high work rejection/repaving needed. As a result, Preston decided to establish a better system of project control and present it to the boss.

1. If you were Preston, what characteristics would you look for in a new control system? Explain
2. Will a new control system be adequate for the problem? Explain