Question 1: debated several aspects of project cost management and estimation. Explain: What project cost issues can
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Question 1: debated several aspects of project cost management and estimation. Explain:
- What project cost issues can the office renovation project may encounter?
- Is earned value management possible for an office renovation project? Explain why.
Question 2: What is earned value management?
Question 3: What are the definitions and/or formulas for each of the following
- Planned value (PV)
- Earned value (EV)
- Actual costs (AC)
- Schedule variance (SV)
- Cost variance (CV)
- Schedule Performance Index (SPI)
- Cost Performance Index (CPI)
- Estimate to Complete (ETC)
- Estimate at Completion (EAC)
- Budget at Completion (BAC)
Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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