Question: Given the following information for a one - year project, answer the following questions. Assume you have actual and earned value data at the end
Given the following information for a oneyear project, answer the following questions.
Assume you have actual and earned value data at the end of the sixth month.
Planned Value PV $
Earned Value EV $
Actual Cost AC $
Budget at Completion BAC $
Questions: I will review the answers regardless of the automatic determination from CANVAS. When answering, don't use the $ sign or commas, just the raw number rounded to the nearest whole number Use the minus sign before negative numbers and record the indices as percentages to the hundredths place. eg
a What is the cost variance for the project?
b What is the schedule variance for the project?
c What is the cost performance index for the project?
d What is the schedule performance index for the project?
e What is your interpretation of the budget performance?
OVB
choices are: OVB: over budget; UNB: under budget; ONB: on budget
f What is your interpretation of the schedule performance?
BS
choices are: AS: ahead of schedule; BS: behind schedule; OS: on schedule
g What is the estimate at completion for the project?
h What is the estimated time to complete the project?
in whole months
i If the only two measures for the project's success were the schedule and the budget, in your estimation is this a successful project at this point?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
