Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2a is the table below: Earned value analysis is the project management tool that is used to measure project progress. You are a project
Question 2a is the table below:
Earned value analysis is the project management tool that is used to measure project progress. You are a project manager in company XYZ that responsible to handling the packaging machine project with the total cost budgeting is RM100,000. There are including RM24,000 (Design), RM60,000 (build) and RM16,000 (install \& test). The information regarding on the project progress development in weeks 8 as shown in Table 2 below: a) Based on question 2(a), calculate and elaborate the various of indicators of cost performance for this project based on the respective below: i. Cost performance Index (CPI) [hint: CEV/CAC] ii. Cost variance (VC) [hint: CEV-CAC] iii. Forecasted cost of completion (FCAC) with action taken [hint: TBC/CPI] iv. Forecasted cost of completion (FCAC) without any action taken [hint: CAC+[TBCCEV]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