Q4 Earned Value (8 marks) 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: Q4: Earned Value (8 marks) Earned value (EV) is a way to measure and monitor the level of work completed on a project against the

Q4: Earned Value (8 marks)

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!

help me with the best solution Q4: Earned Value (8 marks) 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...

I need help on this question Q3: Evaluating Humanitarian Assistance in Complex Emergencies (6 marks) You has been asked to manage a humanitarian project in Gaza Strip What are the differences between...

I need help Q4: Earned Value (8 marks) 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...

Q4: Earned Value (8 marks) 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...

You've been assigned as a PM for a website development project. Their goals are to complete the project in 12 months for a budge of Sim. The cost baseline is shown in the following Excel spread sheet...

please answer this question Q4: Earned Value 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...

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...

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 -...

PLEASE USE THE CORRECT NUMBERS ON THE TABLE. Thank you! Class Project Subject 6: Earned Value (Earned Value calculations are found in Verzub. Chapter 19: Measure Progress) Using the following data,...

Prove that if a; b R, then (a) -(a + b) = (-a) + (-b), (b) (-a) (-b) = a b, (c) 1/(-a) = -(1/a), (d) -(a/b) = (-a)/b if b 0.

Use the following data table to answer questions a, b, c, d, and e. Answer the next question(s) on the basis of the following cost data for a purely competitive seller: What are the above data for?...

Abandonment Decisions (LO4) Manga Products Inc. is considering a new product launch. The firm expects to have annual operating cash flow of $6.9 million for the next eight years. Manga Products uses...

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...