Question: Part 2: EVM - Earned Value Management Exercise (using Network Di- agram) Using the following network diagram and project information B=3 E=1 A=2 G=2 C=4

Part 2: EVM - Earned Value Management Exercise

Part 2: EVM - Earned Value Management Exercise (using Network Di- agram) Using the following network diagram and project information B=3 E=1 A=2 G=2 C=4 F=3 H=3 D=2 Activity Budget % Complete Actual Cost Planned Value (PV) Earned Value (EV) A $200.00 100 $210.00 B $300.00 100 $290.00 C $300.00 50 $140.00 D $500.00 90 $480.00 E $200.00 0 $0.00 F $200.00 20 $50.00 G $450.00 0 $0.00 H $350.00 0 $0.00 For status update - end of Day 5, answer the following questions: 1. Is the project on schedule? Explain your answer using Earned Value Analysis 2. Is the project on budget? Explain your answer using Earned Value Analysis 3. Based on the project status as of Day 5, what is the expected) Estimate at Completion in $'s 4. Based on the project status as of Day 5, what is the forecasted duration of the project? Will it complete in less or more time than the original estimate? What is the delta (how much less or more)? SHOW ALL WORK - FOR THE EARNED VALUE CALCULATIONS YOU HAD TO DETERMINE TO BE ABLE TO ANSWER THE ABOVE QUESTIONS; including the PV and EV columns above

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!