Question: Determine the current values for the project for each of the terms below: 1. Actual cost 2. Cost variance 3. Cost performance index 4. Earned

Determine the current values for the project for

Determine the current values for the project for each of the terms below: 1. Actual cost 2. Cost variance 3. Cost performance index 4. Earned value 5. Budget at completion 6. Estimate to complete 7. Planned value 8. Schedule variance 9. Schedule performance index 10. Variance at completion 11. Estimate to completion

Armada is involved with the project of new airport terminal development. One of the responsibilities are the clearing of 1,000,000 cubic feet of land area. Based on the agreed project plan, the project need to clear 60,000 cubic feet of soil per week at a cost of RM 5 per cubic feet. In the first month's progress report, the project's Earned Value was 1,000,000 and the Actual Cost was 1,200,000. In the second month's progress report, the project's Earned Value was 2,200,000 and the Actual Cost was 4,400,000. In the 3rd month (12 weeks), the project have remaining 250,000 cubic feet of land area to be cleared and the total project cost to date is 4,000,000

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