Question: Question 3 (20 Marks) a) You are managing a project with the following cost management plan; Cumulative Physical Progress 10% Completed 40% Completed 80% Completed

 Question 3 (20 Marks) a) You are managing a project with

Question 3 (20 Marks) a) You are managing a project with the following cost management plan; Cumulative Physical Progress 10% Completed 40% Completed 80% Completed 100% Completed Month Cost 1 MYR10000 MYR40000 MYR60000 MYR10000 2 3 4 Total MYR120000 You are currently halfway through the third month. Your team has only managed to complete 20% of that month's work. To date, you have spent MYR80000. You had successfully delivered your previous milestones and you would like to continue to do so. Determine the project's Cost Variance, Schedule Variance, Cost Performance Index and Schedule Performance Index. (12 Marks) b) Based on the information provided above and the performance measurements you have determined, what is the estimate total cost of the project at completion according to the current performance rate? (8 Marks)

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 Accounting Questions!