QUESTION 5 (20 Marks)

If Samantha would have to calculate variances in schedules and cost to assess progress of the project, advise her on the Earned Value Method. Use the hypothetical information below to complete the calculations. Budget at Completion (BAC) R40 000 Percentage Complete (PC) 50% Actual Cost (AC) R25 000 The project should be 40% complete at this stage

Calculate the following to determine the project status to assist Samantha: A. Planned Value (PV) B. Earned Value (EV) C. Schedule Variance (SV). Based on the calculation, determine the status of the project. D. Cost Variance (CV). Based on the calculation, determine the status of the project.