Campbellsville University Project Control System Discussion Questions and Calculations

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

1. Give an example of an organization that does not use any control systems. Is this justified?
2. Suppose that you have decided to build a new house. Explain what kind of project control you will consider and why.

2)2-3pages

1. An activity on the critical path of a project was scheduled to be completed within 12 weeks, with a budget of $8,000. During a performance review, which took place 7 weeks after the activity was initiated, it was found that 50% of the work had already been completed and that the actual cost was $4,500. 
   1. Calculate the EV of the activity.
   2. Calculate the CI and SI for the activity. 
   3. Calculate the expected BAC using the original estimate approach.
   4. Calculate the expected BAC using the revised estimate approach. 
   5. Compare and discuss the results obtained in parts (c) and (d).