Project Weight: 20% Name ID Answer any 5 questions, each one out of 5 marks 1. Case Study -EVM 1(5 marks ) You are a project manager for the project \"Replace Old Laptops\" which started in January 2012 and is expected to be completed in January 2013 with a budget of $600,000. Today, after 6 months from the start of the project, 40% of the work is completed and $400,000 has been spent on the project. 1. What is the budget at completion? 2. What is the planned value of the project? 3. What is the earned value of the project? 4. Using the cost variance, state whether the project is currently over, under or on budget? 5. What is the cost performance index of the project? 6. What is the estimate at completion of the project? 7. What is the schedule performance index of the project? 8. Using the SPI, state whether the project is currently on/behind or ahead of schedule 2. Case Study -EVM 2(5 marks ) You are a project manager for the project \"Install new wireless adapters\" which started 1st January 2012 and is expected to be completed in 31st May 2012 with a budget of 450,000 dhs. Today, after 2 months from the start of the project, 45% of the work is completed and 200,000 has been spent on the project. 1. What is the budget at completion? 2. What is the planned value of the project? 3. What is the earned value of the project? 4. Using the cost variance, state whether the project is currently over, under or on budget? 5. What is the cost performance index of the project? 6. What is the estimate at completion of the project? 7. What is the schedule performance index of the project? 8. Using the SPI, state whether the project is currently on/behind or ahead of schedule 3. Case Study -EVM 3(5 marks ) 1. A project is scheduled to finish in one year (12 months) with an estimated budget of $100,000. Six months after the start date the project is 40% completed and $50,000 has been spent for the project. a) How much work has actually been completed at this point in time? b) How much work was expected to be finished at this point in time? c) How much more or less has the completed work cost compared to what was planned? d) How much more or less work has been accomplished compared to what was planned? e) How does the cost of the work completed compare to what it was planned to cost? f) How does the amount of work being completed compare to what was planned in the schedule? g) What is the estimated cost of the project at completion (based on the cost so far)? h) How much more money will it take to finish the project? i) How much over/under the budget will the total project cost be at completion (based on the cost so far)? 4. Case Study -EVM 4(5 marks ) 2. The IT department manager believes creating the new customer service software will take six months and will cost $200K. After a month and half 20% of the work is completed and $60K is spent. j) How much work has actually been completed at this point in time? k) How much work was expected to be finished at this point in time? l) How much more or less has the completed work cost compared to what was planned? m) How much more or less work has been accomplished compared to what was planned? n) How does the cost of the work completed compare to what it was planned to cost? o) How does the amount of work being completed compare to what was planned in the schedule? p) What will the cost of the project be at completion (based on the cost so far)? q) How much more money will it take to finish the project? r) How much over/under the budget will the total project cost be at completion (based on the cost so far)? 5. Case Study -EVM 5(5 marks ) 3. A project is estimated to take 10 months, and cost $1,000,000. At the end of each month the percentage of work completed and actual cost incurred is reported. Calculate the earned value measures at the end of each month. End of first month End of second month End of ninth month % of work completed 10 15 80 Actual Cost Incurred AC 100K 200K 1,000K EV PV CV SV CPI SPI EAC ETC VAR 6. EVM Task 6(5 marks ) You are the project manager of the project entitled \"Install Wireless internet in the G block\" The expected duration of the project is 9 weeks The expected cost of the project is 23000 dhs The project will cover 12 rooms in the block. After 5 weeks the get a progress report from the technician which states 1) 7 rooms have been completed 2) You have spent 14000 dhs Perform appropriate calculations and write a report to the finance manager commenting on your progress. You will need to make predictions about the completion of the project. To: Peter Otoole, Finance Manager From: ____________ Today I received a progress report on the Wireless internet project in G block. We are now 5 weeks into the project and