Question: Preferably second question Earned Value Management (EVM3) You are working on a project that is scheduled to be completed in 10 months. The total budget

Preferably second question Earned ValuePreferably second question

Earned Value Management (EVM3) You are working on a project that is scheduled to be completed in 10 months. The total budget for the project is $10,000. Six months have passed and the schedule indicates that 60% of the work should be completed by now. But your team has only completed 50% of the project and spent $8,000. 34 2 points What is the Earned Value (EV) for this project at this point in time? $10,000 * 50% = $5,000 C $8,000 * 50% = $4,000 $10,000 * 60% = $6,000 $8,000 * 60% = $4,800 35 2 points What is the Cost Performance Index (CPI) for this project? CPI = .833 CPI = .625 CPI = 1.6 CPI =1.2

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!