Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is for a project management subject, help would be appreciated, thank you in advance! Given the following information for a one-year project, answer

The following is for a project management subject, help would be appreciated, thank you in advance!

image text in transcribed

Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. 1. PV = $23,000 EV = $20,000 AC = $25,000 BAC = $120,000 a. What is the cost variance, schedule variance, cost performance index (CPI), and b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project d. Use the SPI to estimate how long it will take to finish this project schedule performance index (SPI) for the project? budget or over budget? performing better or worse than planned? e. Sketch the earned value chart for this project, using Figure 7-5 as a guide

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Database Systems With Internet And Java Applications

Authors: Greg Riccardi

1st Edition

020161247X, 978-0201612479

More Books

Students also viewed these Databases questions

Question

3. What are the current trends in computer hardware platforms?

Answered: 1 week ago