Pm592

1.| Question :| (TCO B) dispeling Problem using the ne dickensrk below and the spare reading provided, find: (a) The crock up greet per daylight per activity. (b) Which activities should be crashed to endure a leap out deadline of 12 days at token(prenominal) cost? Activity| Normal cut| scoot Time| Normal constitute| doss Cost| A| 5| 3| $300| $350| B| 3| 2| $250| $295| C| 6| 4| $400| $540| D| 5| 3| $150| $270| | | | school-age child Answer:| | a) Crash cost of A = (350-300)/(5-3) = $25 Crash Cost of B = (295-250)/(3-2) = $45 Crash Cost of C = (540-400)/(6-4) = $70 Crash Cost of D = (270-150)/(5-3) = $60 Critical path: B - C - D 14 days (b) To reduce the catalogue 2 days crash chuck C for two days. (c) Cost to crash the jump out: $70 $70 summation Extra cost $140 | | | | Comments:| | | | 2.| Question :| (TCO F) We have discussed at length the realise Value Management butt. I am sure solely of you have used the traditional p rocess of assessing disgorges where we compare actual dollars spent to the amount we had planned to spend. This was riotous and easy, but it has its shortcomings, and the realise Value Management process is tell to be better.

(a) wherefore is this traditional climax different from use earned economic value when assessing project performance? (b) tell the EVM process used to go down how far our project is ahead of or behind schedule. | | | Student Answer:| | a) Using the traditional method of assessing project performance, we would be able to recover if we have been over or below budget and timeli nes, and we would plainly have this informa! tion once the project has been completed. However, with the traditional approach would not be able to effectively track project performance at a task level and at any given point in time. Due to this, decisions that whitethorn need to be taken during the project or identifying issues or project health during project transaction is more unmanageable using traditional approaches than using the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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