Question
Bob Keith is the Program Director at the company Connovation.com. He is currently running a test marketing project and he wants to review the progress
Bob Keith is the Program Director at the company Connovation.com. He is currently running a test marketing project and he wants to review the progress to date. The project aims to lead an overseas market by innovations and collaborations. He has collected all data that is shown in the following table of project activities, budgeted costs and status information. The project is at the end of its sixth week.
Activity ID | Predecessor(s) | Duration (wks) | Budget ($) | Actual cost ($) | Completion (%) |
A: Build a team | - | 2 | 300 | 400 | 100 |
B: Supply stores | - | 3 | 200 | 180 | 100 |
C: Create ad program | A | 2 | 250 | 300 | 100 |
D: Schedule ads | A | 5 | 600 | 400 | 20 (80) |
E: Check sales results | B, C | 4 | 400 | 200 | 20 (50) |
2.1) Find project network (with start and finish time of activities) and critical path.
2.2) Find the cost and schedule variances. Formulas are provided here: CV=EV-AC; SV=EV-PV; CPI=EV/AC; SPI=EV/PV.
2.3) Find the ETC, EAC and VAC for the project. Formulas are provide here: ETCf=(BAC-EV)/CPI; EACf=(BAC-EV)/(EV/AC)+AC; VACf=BAC-EACf.
2.4) Based on your data and analysis, what is you assessment of the current status of the project? At completion?
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