Finance for Project Managers

Course Project

Summer $2024$

Please answer the following questions, and show your work for questions $1$ & $2.$ To complete

this project, you need to study the module materials well and do some research.

$1.$ At a weekly meeting during the project implementation, the project manager Carrie

used the following table to inform everyone of the current progress. According to this

table, find the current progress of the project. $(25$ points$)$

Activity Planned Value Percent Completion Actual Cost

Baseline $$20,00090\%$ $$10,000$

Detailed Design $$50,00090\%$ $$60,000$

Testing $$30,000100\%$ $$40,000$

$2.$ For a project in progress, the current PV$=$$$2200,$ EV$=$$$2000,$ AC$=$$$2500,$ find the current

project$$s SV and project status & CPI and cost performance. $(25$ points$)$

$3.$ How do project managers ensure that project budgets align with the overall financial

strategy of the organization? Include at least $3$ examples.$(25$ points$)$

$4.$ Name and define $5$ key financial metrics that project managers should monitor to

assess the financial health of a project. Include how each of these metrics impact project

decision$-$making? $(25$ points$)$