A project that you are managing is into six months of its accomplishment and the planned duration is also six months. You are now reviewing the project status. The actual cost of Activity A and B are RM 200,000 and RM 100,000 respectively. The planned value for Activity A and B are RM 180,000 and RM 80,000 respectively. The Activity A is 100% complete whereas Activity B is only 75% complete.

1. Formulate the problem to determine whether the project is on-time and on-budget after six months using the Earned Value Analysis (EVA) method.

(14 marks)

2. Generate the expected cost at complete and time at complete to finish the project at this pace.

(4 marks)

3. Present two initiatives to be undertaken by the project manager to improve the situation based on Q4(b).