Question
Gladiator Enterprises utilizes a 10% contingency reserve and a 2% management reserve for all its projects.The planned value (PV) during the first month of implementation
Gladiator Enterprises utilizes a 10% contingency reserve and a 2% management reserve for all its projects.The planned value (PV) during the first month of implementation of this project, is $13,000, the budget at completion (BAC) is $30,000 and 40% of the work planned to date was accomplished at an actual cost of $15,500.
Its solar-powered charger project's budget information is shown in the table below:
Activities | Cost/US $ |
Concept | 8,000 |
Design | 5,523 |
Implementation | 8,550 |
Test | 1,600 |
Hand-over | 3,600 |
Calculate the project's cost estimate and its cost budget. (1+2 marks) CLO 4
Calculate the project's Earned Value. (1 mark) CLO 4
Calculate the project's Cost Variance. (1 mark) CLO 4
Calculate the project's Schedule Variance. (1 mark) CLO 4
Calculate the project's Schedule Performance Index. (2 marks) CLO 4
Calculate the project's Cost Performance Index. (2 marks) CLO 4
Calculate the project's Estimate at Completion. (2 marks) CLO 4
Based on your calculations describe the overall performance on the project to date. (2 marks) CLO 4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started