Assume you have to complete project ABC within 6 months. Given the following information as part...

    

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Assume you have to complete project ABC within 6 months. Given the following information as part of the payment received for one particular phase of a project ABC. Phase 3: Integration Testing Test Integration of all modules Identify components that do not meet specifications Modify code Retest integration of modules Verify components meet standards Payment 3: a) Perform the following and explain your results. i. Cost Variance (CV), ii. Schedule Variance (SV), iii. Cost Performance Index (CPI), iv. Schedule Performance Index (SPI) v. Planned Value (RM) 600.00 300.00 1,400.00 400.00 200.00 2,900.00 Actual Cost (RM) 600.00 500.00 1,400.00 400.00 200.00 Earned Value (RM) 600.00 225.00 700.00 300.00 160.00 3,100.00 1,985.00 Use the schedule performance index (SPI) to estimate the completion time and how much longer it will take to finish this project. (15 marks) b) Based on the report above, do you need a project review and what purpose does it serve? (5 marks) Assume you have to complete project ABC within 6 months. Given the following information as part of the payment received for one particular phase of a project ABC. Phase 3: Integration Testing Test Integration of all modules Identify components that do not meet specifications Modify code Retest integration of modules Verify components meet standards Payment 3: a) Perform the following and explain your results. i. Cost Variance (CV), ii. Schedule Variance (SV), iii. Cost Performance Index (CPI), iv. Schedule Performance Index (SPI) v. Planned Value (RM) 600.00 300.00 1,400.00 400.00 200.00 2,900.00 Actual Cost (RM) 600.00 500.00 1,400.00 400.00 200.00 Earned Value (RM) 600.00 225.00 700.00 300.00 160.00 3,100.00 1,985.00 Use the schedule performance index (SPI) to estimate the completion time and how much longer it will take to finish this project. (15 marks) b) Based on the report above, do you need a project review and what purpose does it serve? (5 marks)

Answer rating: 100% (QA)

Answer a i Cost Variance Earned Value Actual Cost 1985 3100 1115 CV 0 means cost overrun the actual ... View the full answer