Question: Earned Value Management (EVM) can be used to control cost and measure project performance. Explain the important values calculated in EVM and how each is

  1. Earned Value Management (EVM) can be used to control cost and measure project performance. Explain the important values calculated in EVM and how each is interpreted?

(6 marks)

  1. Given the following information for a TWELVE (12) months project, answer the following:

PV = RM 390,000

EV = RM 450,000

AC = RM RM430,000

Additional values of the budget at completion provided for this project is RM 500,000. Answer the followings:

  1. What is the Schedule Variance, Cost Variance, Cost Performance Index and

Schedule Performance Index for the project?

(4 marks)

  1. Explain the status of the project and its relationship between schedule and cost. Justify your answer. How is the performance of the project?

(4 marks)

  1. Calculate the Estimate at Completion (EAC) for this project and conclude the

project status.

(2 marks)

  1. Quality management is one important component in the Project management knowledge area, provide examples of a situation when you would use any TWO (2) out of the Seven Basic tools of Quality in IT Projects. (6 marks)

  1. Mayer Briggs Types Indicator (MBTI) is a type of test which helps to describe your personality. Describe your MBTI group type and your thought about this test. (3 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!