Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Write a paper that thoroughly answers the following questions based on the case study: Is Thomas over, on, or below schedule? Explain. Is Thomas using

Writea paper that thoroughly answers the following questions based on the case study:

  • Is Thomas over, on, or below schedule? Explain.
  • Is Thomas using earned value as he was taught in his project management course? Explain.
  • What can Thomas do to set up a schedule and cost variance?
  • What method do you suggest for Thomas to use for any changes in project scope, such as the shape of the tree that Tom wants?
  • It appears Thomas is using the traditional method of project management. How can he accelerate the completion of this project that he has contracted for using the Agile methodology?
  • Analyze Thomas's project performance on this project, assuming the original quote given to the customer was an estimate.

Thomas Johnson is a timber and Christmas tree farmer who attended a project management class last year during his off-season. When the subject ofearned value(EV)came up in class, Thomas wondered if he was utilizing the concept properly.

In mid-October, Thomas hires and trains crews who work to shear fields of Christmas trees for the upcoming holiday season. In this practice, each worker uses a large machete to shear the branches of the tree into a cone shape tree, which is the desire of most customers.Thomas operates his business per the following:

  • He counts the number of Christmas trees in the field, which is approximately 24,000.
  • He agrees with customer Tom Jones to a $30,000 lump sum contract for shearing all trees in the field.
  • He receives a partial payment about 5 days after starting the project. He then estimates the actual number of sheared trees to be approximately 6,000. The actual number of trees is taken as a percent of the total to be sheared, multiplied by the percent completed by total contract amount for the partial payment [(6,000/24,000 total trees = 25% of trees trimmed), (.25 * $30,000 total payment = 5 days payment of $7,500)].

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

General Aviation Marketing And Management

Authors: C. Daniel Prather

3rd Edition

9781575243016

More Books

Students also viewed these General Management questions

Question

Focus on the interview.

Answered: 1 week ago

Question

=+ How about one you felt had acted in a hypocritical way?

Answered: 1 week ago