Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are a project manager overseeing the construction of a new office building. The project is well underway, and you want to assess its performance

You are a project manager overseeing the construction of a new office building. The project is well underway, and you want to assess its performance using Earned Value Management (EVM) techniques. Below are the project details and data you have collected. Project Details: - Project Name: ABC Office Building Construction - Total Budget (BAC - Budget at Completion): $200,000 - Planned Duration: 12 months - Status Date: End of Month 6 (You are halfway through the project) - Number of Work Packages: 10 Data at the Status Date (End of Month 6): - Planned Value (PV): $100,000 - Earned Value (EV): $80,000 - Actual Cost (AC): $110,000 Objective: Provide a written analysis of the project's performance based on the calculated metrics. Tasks: 1). Calculate the following Earned Value Management (EVM) metrics for the XYZ Office Building Construction project at the end of Month 6: - Cost Variance (CV) - Schedule Variance (SV) - Cost Performance Index (CPI) - Schedule Performance Index (SPI) - Estimate at Completion (EAC) assuming the current performance will continue - New completion date - Estimate to Completion (ETC) - Variance at Completion (VAC) = BAC - EAC 2). Interpret the calculated metrics and provide insights into

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

Experiencing MIS

Authors: David Kroenke

3rd Edition

0132667169, 9780132667166

More Books

Students also viewed these General Management questions

Question

What does a person include in his/her application?

Answered: 1 week ago

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago