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Q.3 You are the program manager managing the construction of a new shopping mall. Five project managers are directly reporting to you. Each project manager

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Q.3 You are the program manager managing the construction of a new shopping mall. Five project managers are directly reporting to you. Each project manager assigned a part of the total scope of works to be executed independently. The total duration allowed to complete all works in 24th months and the total approved budget is 12,000,000.- At the end of the first year, you should have completed 57% worth of a work but the project is only 48% complete. Actual costs reported by each project manager for the first year as follow. (3 Marks) Project Manager 1: $1,000,000 Project Manager 2: $700,000 Project Manager 3: $1,100,000+ Project Manager 4: $1,900,000 Project Manager 5: $350,000 Determine the current values for the entire program for each of terms below: 1) Planned Value: 2) Earned Value: 3) Cast Variance: 4) Schedule Variance: 4 5) Cost Performance Index: 4 6) Schedule Performance Index: 7) Estimate at completion: 8) Estimate to complete: 9) Variance at Completion

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