Question: Project Management Question 1. The IBM faculty are working on a 12-month, 1 million dollar project to build a parking garage. After 6 months the

Project Management Question

1. The IBM faculty are working on a 12-month, 1 million dollar project to build a parking garage. After 6 months the project status is as follows: PV=$689,500, AC=$750,000, EV=$700,000

(a)What are the Cost Variance, Schedule Variance, Cost Performance Index and Schedule Performance Index?

(b) How is the project progressing schedule-wise and budget-wise?

(d) Sketch the Earned Value Chart for this project assuming that PV, AC and EV are straight lines.

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