Please Solve the following in details Q) Earned value (EV) is a way to measure and monitor the level of work completed on a project against the plan Earned value (EV) is a way to measure and monitor the level of work completed on a project against the plan You are a project manager of a project to build machines Your project is scheduled to last for 12 months with the following characteristics You are to build two machines a month for 12 months Each machine is planned to cost $100 It is the beginning of month 10 You have built 20 machines and your CPI is 0 87 Answer the following questions What is the actual cost of the project If the variance experienced so far were to stop, what is the projects estimate at completion What is the percentage of the project that is complete Why the project is over budget and ahead schedule

The Answer is in the image, click to view ...

Question: Please Solve the following in details ! Q) Earned value (EV) is a way to measure and monitor the level of work completed on a

Please Solve the following in details !

Earned value (EV) is a way to measure and monitor the level of work completed on a project against the plan. Earned value (EV) is a way to measure and monitor the level of work completed on a project against the plan.

You are a project manager of a project to build machines. Your project is scheduled to last for 12 months with the following characteristics:

You are to build two machines a month for 12 months.
Each machine is planned to cost $100.
It is the beginning of month 10.
You have built 20 machines and your CPI is 0.87.

Answer the following questions:

What is the actual cost of the project?
If the variance experienced so far were to stop, what is the projects estimate at completion?
What is the percentage of the project that is complete?
Why the project is over-budget and ahead schedule?

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!

Bonnie died on June 1, 2023, survived by her husband, Abner, and two sons, Carl and Doug. Bonnies only lifetime taxable gift was made in October 2020 in the taxable amount of $$13.25$ million. She...

Earned value (EV) is a way to measure and monitor the level of work completed on a project against the plan. Earned value (EV) is a way to measure and monitor the level of work completed on a project...

I only need questions 1,2, and 6. Any help is appreciated! PMAN 650 Midterm Examination (v3) Scenario (Value: 21 points) You and your spouse have purchased a foreclosure you hope to flip for a...

Most of this is already answered. I need help with what is left. I would greatly appreciate it, thanks! The excel file is for the first question. PMAN 650 Midterm Examination (v3) Scenario (Value: 21...

Scenario (Value: 21 points) You and your spouse have purchased a foreclosure you hope to flip for a profit. The two bathrooms had been recently remodeled by the previous owners. The three bedrooms...

Please solve it accordingly. Please solve for the Work Plan Project Plan Project overview Aims The aim of the PROJECT is for you to demonstrate what you have learned about principles, concepts and...

You and your spouse have purchased a foreclosure you hope to flip for a profit. The two bathrooms had been recently remodeled by the previous owners. The three bedrooms need only cosmetic work...

EXAM Scenario 1 You and your spouse have purchased a foreclosure you hope to flip for a profit. The two bathrooms had been recently remodeled by the previous owners. The three bedrooms need only...

You and your spouse have purchased a foreclosure you hope to flip for a profit. The two bathrooms had been recently remodeled by the previous owners. The three bedrooms need only cosmetic work -...

Just answers no explanation What is NOT a feature of the project management office? (LO-2) Group of answer choices The ability to coordinate project quality control standards between project...

The first synthesis of a crown ether (Section 11.16) by C. J. Pedersen (of the DuPont Company) involved treating 1, 2-benzenediol with di(2-chloroethyl) ether, (ClCH2CH2) 2O, in the presence of NaOH....

Rate a job you have had using Hackman and Oldhams core job characteristics on a scale from 1 to 10. What is your total score? What about the job couki have been changed to make you give it a higher...

2. What is meant by the term accrued income?

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...