Proj592Week 3 Quiz

Q1
a) Pexp = (Popt + 4*Pmost + Ppess)/6
= (6+4*8+8.5)/6
= $7.75/lb
b) Pexp = (Popt + 4*Pmost + Ppess)/6
= (21+4*24+30)/6
= 24.5lb/100 units
c) Expected exist = 7.75 * 24.5 = $189.88

Q3
a) follow budget = 1.85*(780+56) + 1.25*(142) + 1.10*(87+34+385)
= 1546.6 + 177.5 + 556.6
= $2,280.70
b) 2281* 2.25 = $5132
No witness result not be approved $5132 is greater than $4995
c) Need to steadfast up estimates for order of magnitude and budget items, and revise estimates in the beginning insure can proceed.

Q4
The project plan is very burning(prenominal) because without a plan, it is impossible to know where we be going or to judge how we are doing at getting there on a project. The primary parts of the plan are the budget, the schedule, and the force of details that fill these out. Planning covers two important rudiments of the project namely work breakdown structure (WBS) and cost estimates.
The WBS is the basic tool used in project planning, and project estimates are typically derived from the details found in the WBS. Estimates form the basis for defining project budgets. Accurate estimates are essential if budgets are to be maintained during project execution.



Inaccuracies in estimates translate into cost variances during implementation, with resulting frustrations of project plan revisions, damage to project integrity, and possible early termination.

Q5
Groundwater Cleanup Project
1 Design
1.1 Evaluating several alternatives
1.2 Preparing conceptual design
1.3 Evaluating conceptual design
1.4 rig final design
2 Installation Preparation
2.1 Prepare specification
2.2 Pre-qualify installation contractors
2.3 Review all bids
2.4 Execute contracts
2.4.1 Recovery wells
2.4.2 Piping
2.4.3 word equipment
2.4.4 Start-up
3 Performance monitoring
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