Assignment

Question 1 (50 points).

The following project is at the end of its sixth week. Find the cost and schedule variances. Also, find the CPI and SPI. Then find the critical ratio of the project using earned value calculations. Finally, calculate the ETC and EAC for the project. Comment on the project status.

Activity	Duration	Predecessor	Budget ($)	Actual Cost ($)	% Complete
A	2	None	300	400	100
B	3	None	200	180	100
C	2	A	250	300	100
D	5	A	600	400	20
E	4	B, C	400	200	20

Question 2 (50 points).

Resolve Question 1 above using the 50-50 rule for planned value and earned value. Comment on the project status.

Hint: The only thing that changes is the way earned value is calculated. Of course, everything that is calculated based on EV then also changes. Using the 50-50 rule, every activity that has finished continues to receive its full value while any activity that has started, but has not yet finished, receives 50 percent of its value.

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