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
- 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)
- 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:
- What is the Schedule Variance, Cost Variance, Cost Performance Index and
Schedule Performance Index for the project?
(4 marks)
- 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)
- Calculate the Estimate at Completion (EAC) for this project and conclude the
project status.
(2 marks)
- 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)
- 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)
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