As the project manager, you oversee a software development endeavor valued at 800,000/-Rs. Two programming teams...
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As the project manager, you oversee a software development endeavor valued at 800,000/-Rs. Two programming teams will put in a total of 10,000 hours of labor over the course of six months. As per the project timetable, your team is expected to complete 38 percent of the work. The project is currently 40% finished, and 50% of the allocated funds have been used. a) Calculate the Planned Value (PV) and Earned Value (EV) of the above scenario b) Calculate the Cost Variance and the Schedule Variance based on the provided data. c) Calculate the Schedule Performance Index (SPI) and the Cost Performance Index (CPI) based on the provided data. d) Compare the SPI and CPI values and infer what do these metrics indicate about the project's schedule and cost performance after 3 months? e) Calculate the Estimated Time to Completion (ETC) and the Estimated Cost at Completion (EAC) using the appropriate formulas As the project manager, you oversee a software development endeavor valued at 800,000/-Rs. Two programming teams will put in a total of 10,000 hours of labor over the course of six months. As per the project timetable, your team is expected to complete 38 percent of the work. The project is currently 40% finished, and 50% of the allocated funds have been used. a) Calculate the Planned Value (PV) and Earned Value (EV) of the above scenario b) Calculate the Cost Variance and the Schedule Variance based on the provided data. c) Calculate the Schedule Performance Index (SPI) and the Cost Performance Index (CPI) based on the provided data. d) Compare the SPI and CPI values and infer what do these metrics indicate about the project's schedule and cost performance after 3 months? e) Calculate the Estimated Time to Completion (ETC) and the Estimated Cost at Completion (EAC) using the appropriate formulas
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The question presents a scenario for a software development project and asks for calculations based on Earned Value Management EVM which is a project management technique that integrates the scope of ... View the full answer
Related Book For
Project Management in Practice
ISBN: 978-0470533017
4th edition
Authors: Samuel J. Mantel Jr., Jack R. Meredith, Sco
Posted Date:
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