Question
The following information concerns progress at day 40 of an Internet marketing project. A. In your explanation include the Critical Ratio, CV, SV, CPI, SPI,
The following information concerns progress at day 40 of an Internet marketing project. A. In your explanation include the Critical Ratio, CV, SV, CPI, SPI, ETC and EAC. B. Determine if the project is in control based on the time and cost to date. If not, what is the cost overage or underage. C. Please draw the project as a Gannt Chart and as a Pert Chart. What is the critical path of the project? D. Explain how activity D could have no duration, and no budget.
Activity | Predecessors | Duration | Budget | Actual Cost | % Complete |
A | - | 10 | 300 | 250 | 100 |
B | A | 8 | 400 | 450 | 100 |
C | A | 12 | 350 | 380 | 100 |
D | C | 0 | 0 | 0 | - |
E | B,D | 18 | 405 | 400 | 70 |
F | E | 16 | 450 | - | 0 |
Explain, in detail, what ETC and EAC is telling us? A. How is it different from BAC or the total of the Actual Cost to date + the remainder of Budgeted work to be done? B. What exactly is the formula telling us? C. Why do I want to know this?
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