Question 3 [22] 31 The Data Privacy Project at a large companys cost performance analysis indicates that there are going to be cost overruns at completion Steps must be taken to address this problem No savings can be made on the cost of materials and the scope and requirements cannot be changed What other two options are available to the project manager to reduce the costs? (21 3.2 The structure for the Kilimanjaro Construction Project is shown on the next page with two controls (X&Y) and two sub-accounts (Y1 & Y2 The project is scheduled to take eight months to complete the control units represent working hours and the values are calculated two months into the project Kilimanjaro CONSTRUCTION PROJECT X Y Y1 The data at this point in the project is as follows Project Account BCWS BCAC ACWP BOAC % complete AQWP BCWP 20D 40 50 105 35 33.3 12 35 77 25 GC 350 39 ZS Y2 50 125 15 100 450 52 X 325 107.5 124.3 Total 1000 125 Calculate the following for each of the project accounts and provide the answer in the following format 321 Cost vanance (CV) (3) B1 - CV B2 - CVE? B - CV=2 322 Schedule vanance (SV) (3) B1 - SV=? B2 - SVE? B-SV = 2 323 Schedule performance index (SPD (3) B1 - SP B2 SP B - SPIN 324 Cost performance index (CPU) (3) B1. CPET B2 - CPI B - CP1=2 325 Forecasted cost at completion FCAC) for each account (method 1) B1 - FCAC B2-FCAC ? B - FCAC=? What is the total forecasted cost of the whole project at completion? (4) 326 Forecasted cost at completion (FCAC) for each account method 2) B1 - FCAC = ? B2-FCACE? B - FCACE (4) What is the total forecasted cost of the whole project at completion