Question: Greetings Expert! Question Please (Section 1) (Project management) 1. Explain the relationship between PV and EV for Schedule Performance, i.e., when one is higher (or

Greetings Expert! Question Please (Section 1) (Project management)

1. Explain the relationship between PV and EV for Schedule Performance, i.e., when one is higher (or lower) than the other, how does Schedule Performance change?

2. What performance factor does SPI affect? Explain what SPI of more (or less) than one means.

3. Explain the relationship between EV and AC for Cost Performance. When one is higher (or lower) than the other, how does Cost Performance change?

4. What performance factor does SPI affect? Explain SPI of more (or less) than one means.

Section 2

For the following questions, use formula notation. Do not explain the answers in text form.

5. What formula did you use to calculate CV?

6. What formula did you use to calculate SV?

7. What formula did you use to calculate CPI?

8. What formula did you use to calculate SPI?

9. What formula did you use to calculate EAC?

10. What formula did you use to calculate ETC (assuming that cost variance is typical)?

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