Suppose that you are the project manager of a project with the following project baseline information… estimated project duration of 4 months and an expected project cost of $400,000. How would you determine if the project is meeting the cost and schedule objectives at the end of the first month?What tools/concepts would you employ to assess the project status at the end of the first month?Include a brief description of the info that each tool provides.

Use the excel file provided in question 1 and the data included in the ‘Project Status’ tab to assess project performance at the end of period 6 and answer the following question.What is the cumulative CV(cost variance) for the project? (input answer as an integer with no decimals or dollar signs. If the CV for the project is negative, place the minus sign before the value. Example….-16)

Use the excel file provided in question 1 and the info in the ‘PERT’ tab to answer the following question. Management wants the project finished within 65 time periods. What is the probability that the project will be finished within 65 time periods? (round your answer to the nearest percentage. Example…47.625 = 48. Don’t include a % sign in your answer)

Identify the three project objectives–that are traditionally used to measure the ultimate success of a project. The text refers to the measures as the triple constraints or tradeoffs.  Describe how the planning process–project definition/scope/WBS/project network—contribute to achieving the three project objectives.

What is meant by a work breakdown structure and how does the WBS help manage projects?

Use the following task/activity durations and the project network in the tab named NCP – 2 in the excel file provided in question 1 to answer the following question. Task durations are in days. What is project duration in days? Task A duration… days Task B duration… days Task C duration… days Task D duration… days Task E duration… days Task F duration… days Task G duration… days Task H duration… days Task I duration… days Task J duration… days The task durations in question 6 are used for question 7 as well.

What is meant by a work breakdown structure and how does the WBS help manage projects?

Identify the three project objectives–that are traditionally used to measure the ultimate success of a project. The text refers to the measures as the triple constraints or tradeoffs.  Describe how the planning process–project definition/scope/WBS/project network—contribute to achieving the three project objectives.

This question is a continuation of question 2. Use the task durations in question 2 and the project in the tab named NCP – ! in the excel file provided in question 1 to answer the followng question. The total slack for task B is how many days? (Enter answer in whole numbers.  If total slack is a fraction or decimal. round the answer to the nearest whole number.)

This is a continuation of question 2.  Use the task durations in question 2 and the project in the tab named NCP – ! in the excel file provided in question 1 to answer the following questions. Suppose task D takes longer than expected by 4 days. What is the impact on the project…. 1.  The project duration will (increase or decrease) 2.  By how many days?