Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ill T-Mobile 7:54 AM Earned Value Analysis We would like to produce a weekly project update to the Chief Technology Officer Here is what our
ill T-Mobile 7:54 AM Earned Value Analysis We would like to produce a weekly project update to the Chief Technology Officer Here is what our example project might look like after project planning Name Set up Database Build Application ID 10 Start End Budget Mar. Mar. 1 $10,00 Mar. Mar. 2 $15,00 $25,00 20 7 TOTAL0 At this point we also need to make a few assumptions. Let's assume it's March 3 today and we are doing the analysis up to the current point (today). The planned percent complete is 30% based on the start and end dates. Let's say that after discussions with the applicable project team members and inspection of the progress, we determine that the first task is 20% complete and the second task is 10% complete. After reviewing our time and expense software and compiling any miscellaneous expenses, we determine that the actual cost of the first task is $4,500 and the second task is $2,000. I. Schedule Variance (SV) 2. Schedule Performance Index (SPI) 3. Cost Variance (CV) 4. Cost Performance Index (CPI)
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