Question: John is the Project Manager for a an Application development project. The time duration for the project as agreed upon with all the Stakeholders is

John is the Project Manager for a an Application development project.

John is the Project Manager for a an Application development project. The time duration for the project as agreed upon with all the Stakeholders is 12 months. The allocated budget for the project is $600,000. I his budget is expected to be evenly distributed during the life of the project. The project has just completed 3 months and entered 4th month of execution. At the end of 3 months, the actual cost incurred on the project is $160,000 and the project is 20% complete. The Planned Value (PV) at the end of 3 months Earned Value (EV) at the end of 3 months Budget At Completion (BAC) Cost Variance at the end of 3 months Schedule Variance at the end of 3 months Cost Performance Index at the end of 3 months Schedule Performance Index at the end of 3 months Estimation to Complete (ETC) at the end of 3 months Estimation at Completion (EAC) at the end of 3 months A. $640,000 B. ($30,000) i.e. Negative $30,000 C. 0.8 D. ($40,000) i.e. Negative $40,000 E

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