4. In the context of earned value management (EVM): a) Given the total budget at completion...

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4. In the context of earned value management (EVM): a) Given the total budget at completion of a project is RM100 000, and the estimate at completion is RM120 000. Determine whether the project will cost more or less. (1 mark) b) Given the actual cost for a WBS item is RM1500 and its earned value is RM2000. Calculate the cost variance. (2 marks) c) If a project is halfway completed, its schedule performance index is 110 percent, and its cost performance index is 95 percent. Appraise the project performance in terms of whether it meets cost and time goals. (2 marks) (CLO1: PLO1: C4) 4. In the context of earned value management (EVM): a) Given the total budget at completion of a project is RM100 000, and the estimate at completion is RM120 000. Determine whether the project will cost more or less. (1 mark) b) Given the actual cost for a WBS item is RM1500 and its earned value is RM2000. Calculate the cost variance. (2 marks) c) If a project is halfway completed, its schedule performance index is 110 percent, and its cost performance index is 95 percent. Appraise the project performance in terms of whether it meets cost and time goals. (2 marks) (CLO1: PLO1: C4)

Answer rating: 100% (QA)

a The project will cost more since the estimate at completion EAC is higher than the total ... View the full answer