Q4 - Earned Value Management (TOTAL 10 Marks)

A projects progress is checked at month three of a total 12-month duration. The projects CPI is 0.9 and SPI is 1.1. What are these index results telling the Project Manager about the projects progress in terms of cost and time (2 Marks)

After analysing cost and time progress to date the project is often re forecasted to determine the new Estimate at Completion. The forecast can be done by either using a typical or atypical approach. What are the differences in each approach (3 Marks)

Identify two tools (methods) for getting a time constrained project back on schedule when it is identified the project will be late. Discuss the relative merits (advantages and disadvantages) of your solutions (5 Marks)