The figure below depicts the schedule for a small project. The budgeted cost is

Question

The figure below depicts the schedule for a small project. The budgeted cost is shown within the schedule bar for each activity. For the sake of simplicity, assume costs are distributed evenly throughout an activity's duration. For example, Activity A will take four weeks and has a total budgeted cost of $4,000. Consequently, expected expenditures for A will be $1,000 per week. In contrast, Activity B will cost $2,000 per week. Precedence relationships are as follows: A must precede B and C, B and C must precede D.

5.1. Plot Planned Value (PV) over time.
5.2. What is the Budget At Completion (BAC)?
5.3. What is the Earned at the end of week 7 if the work has gone as planned?
5.4. In week 8, Activity D is delayed two weeks, Activity C completed one week early.

At week 11:
a. What is the Earned Value? (EV = PV to date x RP)

b. What is the Schedule Variance (SV)? (SV = EV - PV)
c. What is the Schedule Performance Index (SPI)? (SPI = EV/PV)
d. What is the Cost Performance Index (CPI)? (CPI = EV/AC)

Activity A: $4,000 Activity B: $8,000 Activity C: $4,000 Activity D: $3,000 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11

Explanation / Answer

The criteria to be used to select the test cities for the new product “Super Sonic Taco” are as follows –

Ideal generation (In this case men under 30)
Product development – information gathered from market research about target audience / consumer about their age, gender, location, social class, their like and dislikes. It will be also helpful for making decision about price ($ 1.19, in this case),packaging, display & distribution
Testing – market research can help gauge the consumer and suppliers reactions of the new product at kitchen development stage and when the product is near to completion.
Lunch- once the product is lunched, it is important to keep an eye on the product whether further changes are necessary.
The two important things are there that are-

The consumers – who is going to eat/drink this food products
The Place of selling – the place and the person who is selling this
The information about the consumer trend, attitudes, life styles and shopping behavior can be gathered from consumer market research. The vital parameters are –

Acute product attributes
Performance of product against competitors product
Preference on products name
Effectiveness of packing design
Acceptability of price
Preferred purchase point (where product sells best)
The key questions must be asked from the consumers are –

Who are the consumers
What the eating convenient food, organic/healthy food, premium products
Where & where they are eating – at workplace, while traveling, at home etc.
Why the consumers wants the product – for family meal, for entertaining etc.
How the product will effects the consumers life
The Following four cities can be recommended for the test lunch because the and highly populated urban areas with good number of population of male of under 30 years; which is the target group for this product, the per capital income is also good of these cities and they have the culture of fast food so the chances of acceptability are more in these cities.

Mexico city
Guadalajara
Monterrey
Puebla

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