Question
Dalron Construction is Sudbury based residential constriction company. The current Dalron's project duration is planned to be 10 weeks. Right now the company is at
Dalron Construction is Sudbury based residential constriction company.
The current Dalron's project duration is planned to be 10 weeks.
Right now the company is at the end of the week 6 and needs to prepare the progress report.
Use the data below to help Dalron analyze the company performance.
Calculate the Cumulative budgeted cost (CBC) for every week, from week 1 to 10.
Week | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
TBC | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Task 1 | 40 | 5 | 25 | 10 | |||||||
Task 2 | 70 | 5 | 10 | 15 | 10 | 12 | 10 | 5 | 2 | 1 | |
Task 3 | 50 | 5 | 10 | 18 | 10 | 4 | 2 | 1 | |||
Total | 160 | ||||||||||
Cumulative |
2.Based on the calculations from question 1, what is the Cumulative budgeted cost (CBC) of Dalron Construction project at the end of week 6?
Answer:
3. This table is representing the cumulative actual cost (CAC) of Dalron Construction project.
Week | ||||||
---|---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5 | 6 | |
Task 1 | 5 | 20 | 15 | |||
Task 2 | 7 | 12 | 15 | 20 | 8 | |
Task 3 | 5 | 15 | 13 | |||
Total | ||||||
Cumulative |
4.Based on the calculations from question 3, what is the Cumulative Actual Cost (AC) of Dalron Construction project at the end of week 6?
Answer:
5.Use the following table of cumulative percentages of work completed to determine the cumulative earned value (CEV) of the project at the end of week 6.
Week | ||||||||
---|---|---|---|---|---|---|---|---|
TBC | 1 | 2 | 3 | 4 | 5 | 6 | ||
Task 1 | 40 | 20% | 75% | 100% | 100% | 100% | 100% | % |
$ | ||||||||
Task 2 | 70 | 10% | 25% | 30% | 45% | 70% | % | |
$ | ||||||||
Task 3 | 50 | 10% | 25% | 52% | % | |||
$ | ||||||||
Total |
6. Based on the calculations from question 5, what is the Cumulative Earned Value (CEV) of Dalron Construction project at the end of week 6?
Answer:
7.What is the CV [Cost Variance] at the end of week 6?
ANSWER:
8.Please, read attentively the options below and chose the answer that explains your cost variance (CV).
Select one:
a.There is a cost underrun, corrective action is needed.
b.There is a cost overrun, corrective action is not needed.
c.There is a cost underrun, corrective action is not needed.
d. There is a cost overrun, corrective action is needed.
9.What is the SV [Schedule Variance] at the end of week 6?
Answer: 10. Please, read attentively the options below and chose the answer that explains your schedule variance (SV). Select one:
a.The project is ahead of schedule, corrective action is not needed. b.The project is behind schedule, corrective action is not needed. c.The project is behind schedule, corrective action is needed. d.The project is ahead of schedule, corrective action is needed.
11.What is the CPI [Cost Performance Index] at the end of week 6?
Answer:
12.Based on the CPI result from the previous question, is there an immediate need to take corrective action?
Select one:
a.Yes
b.No
13.What is the SPI [Schedule Performance Index] at the end of week 6?
Answer:
14.Based on the SPI result from the previous question, chose the right answer:
a.Less work has been accomplished compared to each $1.00 worth of scheduled work to date. The project is behind schedule.
b.More work has been accomplished compared to each $1.00 worth of scheduled work to date. The project is ahead of schedule.
c.More work has been accomplished compared to each $1.00 worth of scheduled work to date. The project is behind schedule.
d.Less work has been accomplished compared to each $1.00 worth of scheduled work to date. The project is ahead of schedule.
15.Assume that you are planning to perform the remainder of the work at the same rate of efficiency that you did from week 1 to 7.
Chose the right formula and estimate the cost at completion (FCAC).
Answer:
16.Assume that you are planning to perform the remainder of the work according to budget.
Chose the right formula and estimate the cost at completion (FCAC).
Answer:
17.Calculate the To-Complete Performance Index (TCPI).
Answer:
18. Based on your calculation in the previous question, choose the right answer that describes properly the TCPI that you calculated.
Select one:
a.The amount of work to do and the budget left are equal.
b.There is less work than there is budget left.
c.There is more work than there is budget left.
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