Question: Here is another question I need help with: Earned Value Analysis is at the heart of project control. Here's an example: The total budget for

Here is another question I need help with:

Earned Value Analysis is at the heart of project control. Here's an example: The total budget for a project is $1,250,000. Assume that the project has an actual cost at month 22 of $540,000 a scheduled cost of $523,000, and an earned value of $535,000.

a). What is the Schedule Variance and the Cost Variance?

b). What is the SPI and CPI?

c). What is it now estimated that the project cost when it is ultimately completed?

d). What is it going to cost from here forward to complete the project?

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!

uke engineering produces batteries for a major car-maker . Juke'smonthly cost structured is shown in the table below . Assume that the firm's average variable costs of production remain constant at...

Advanced Concepts: Project Planning and Control. 6. The terms "Project Driven" and "Non-Project Driven" are used frequently in project management theory when describing organizations. Explain in two...

1. Earned Value Analysis is at the heart of project control. Here's an example: The total budget for a project is $1,250,000. Assume that the project has an actual cost at month 22 of $540,000 a...

we were given task to do a report on 10 knowldge areas in project managemnt. so out of 10 my part is 1. Cost Management as for cost budgeting the budget that was given to us was rm150 but it exceded...

Earned Value Analysis is at the heart of project control. Here's an example: The total budget for a project is $1,250,000. Assume that the project has an actual cost at month 22 of $540,000, a...

we were actually give a task to do a report 10 knowledge areas in project managemnt. so for this report my part is to do cost managemnt and stakeholder managemnt. below i have attached what are the...

Help asap Question 2 The following graph indicates an Earned Value Analysis diagram for a 4-stage project. Project budget/cost of Project duration of each stage in each stage in days dollars 10000 10...

Answer the following questions: Attached screenshots is for question 3. I have put the page number on the screenshots. 11:18 AM Sun Mar 5 . . . @ 96%...

Welcome! Please read this page (in particular) very carefully. Instructions You need to understand how to send your assignments (deliverables) to your instructor. The tabs (bottom of each sheet) in...

Examination Paper of Project Management Certification IIBM Institute of Business Management Examination Paper MM.100 Project Management Certification Guidelines for paper Total No. of Questions is...

Perry Materials Supply uses the aging method to account for uncollectible accounts. At the end of the year, the balance in Accounts receivable was $146,000 and Perry prepared the following aging...

Systems Unlimited sells personal computers to universities and colleges on the East Coast and ships them from three distribution warehouses. The firm is able to supply the following numbers of...

I f f ( x ) = 3 x 2 + x , find the slope o f the tangent line t o f a t x = 1 . 7 5 6 8 9 1 0 1 1 1 2

Identify whether the items below are characteristics of a principles- based (P) or rules- based (R) accounting system: ______ Provides a clear discussion of the accounting objective related to the...

On July 1, 2016, Livingston Corporation, a wholesaler of manufacturing equipment, issued $46,000,000 of 20-year, 10% bonds at a market (effective) interest rate of 11%, receiving cash of $42,309,236....

Order the steps in the Financial Accounting Standards Boards standard-setting process from 1 to 7. ______ The Board issues an Exposure Draft (ED), which is intended to solicit input. ______ After...

Briefly explain how the financial statements preparers, users, and other interested parties are involved in the standard- setting process for U. S. GAP.

Determine the present value of $200,000 to be received at the end of each of four years, using an interest rate of 7%, compounded annually, as follows: a. By successive computations, using the...

You purchase a Euro bond when the Euro is worth $1.10. After 5 years the exchange rate has changed to $1.14 per Euro. Your calculate your Yield to be 4.5% (in Euros). What is your effective yield?

2. In this chapter, the reader should reflect on the following concepts : Thomas theorem, premise of action, utterance and mental constructions.

11. Based on the following rules regarding the confidence we have in information in a communication context, find examples from your everyday life where the rules have relevance: (a) The spatial rule...

2. Describe a situation from your own everyday life where it is clear that the situation in its consequence becomes the way you define it.