Question 2: Cased Study Topic: Cost Management (15 Marks)

You are currently running the XYZ project based on the planned schedule and cost. In the middle of the project, the sponsors requested for a progress report and the status schedule and cost related to the project.

Given the following information for the ONE-year project, and figure out the values requested to answer the subsequent questions:

PV = RM20,500

EV = RM 33,000

AC = RM25,000

BAC = RM120,000

PLEASE SHOW THE FORMULA AND WORKING CALCULATION FOR EACH RELATED QUESTIONS.

1. Calculate the cost variance and schedule variance. Interpret what each of the values means. Show the calculation

(3 marks)

2. Calculate cost performance index (CPI) and schedule performance index (SPI) for the project? Show the calculation.

(4 marks)

3. What is the status of schedule performance?

(2 marks)

4. Explain the status of cost performance?

(2 marks)

5. Calculate the estimate at completion (EAC) for this project.

(2 marks)

6. Conclude the current project performance?

(2 marks)