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  Calculate the cost budget for the project below with a contingency reserve of 20% is applied to the cost estimate and 4% management reserve is applied to the cost baseline.

  Control Account	Cost /$
  Project Management	1,000,000
  Design	4,000,000
  Execution	10,200,000
  Certification	600,000
  Marketing	4,500,000
  Launch	320,000

  1. You have a budget at completion of $2500. You had planned to have $2200 worth of work accomplished by now. However, you have just found out that you are only 60% complete with the task. What is your SV?
  1. A project was budgeted at $1,000,000. Meanwhile, the project is executed, and the following current figures have been assessed:

  PV: $500,000

  EV: $450, 000

  AC: $550, 000

  Assuming that the cost variance was caused by one-time cost drivers, which are no more effective, what estimate at completion (EAC) can you derive from these figures?

  1. 1. Based on the values from part C of this question you are required to estimate the cost and projected time of completing this project. Find the CPI and SPI
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Answer rating: 100% (QA)

A Planned value PV 220D Earned value EV of com... View the full answer