Question: Question 4 (20 Marks) You are currently working on a project to be completed in 20 months. The budget of the project is R12 000

Question 4 (20 Marks)

You are currently working on a project to be completed in 20 months. The budget of the project is R12 000 000. Six months have passed, and the schedule says that 30% of the work should be completed. To date R2 800 000 has been spent already, however on a closer review; you find that only 15% of work has been completed.

4.1. Calculate the projects Planned Value (PV). (5 Marks)

4.2. Calculate the projects Earned Value (EV). (5 Marks)

4.3. Calculate the projects Cost Variance (CV) and determine if the project is under budget or over budget. (5 Marks)

4.4. Calculate the projects Schedule Variance (SV) and determine if the project is behind schedule or ahead of schedule. (5 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 Finance Questions!

Question 4 (20 Marks) You are currently working on a project to be completed in 20 months. The budget of the project is R12 000 000. Six months have passed, and the schedule says that 30% of the work...

QUESTION 4 (20 MARKS) REQUIRED Use the information provided below to prepare the following for August and September 2023: 4.1 Debtors Collection Schedule (4 marks) 4.2 Cash Budget (16 marks)...

user/AppData/local/temp/WPDNSE/%7B2DF5AC45-A6F9-1E45-C708-SAF703044A5F%7D/PGDPM%20-%20Project%20Financial%20Management.pdf QUESTION 4 (20 Marks) 4.1 REQUIRED Study the information given below and...

QUESTION 4 - 20 Marks (24 Minutes) THIS QUESTION CONSISTS OF TWO (2) INDEPENDENT PARTS. PART A - 10 Marks (12 Minutes) Khathaza (Pty) Ltd has tendered for a once-off contract to repair a portion of...

Please Help - Submission in 4 Hours. Thank You Loads. Question 4 (20 Marks) Use the information provided by Empire Traders to prepare the following for March and April 2024: 4.1 Debtors Collection...

1.1 REQUIRED Use the first-in-first-out (FIFO) method to complete the table provided below for the stated transactions. (4 marks) INFORMATION The following transactions of Max Enterprises took place...

Summarize the evolution of informatics as a discipline, including a specific milestones/events and explanation of how a variety of practice area emerged?

The lifetimes listed in Table 32-2 are in terms of proper time, measured in reference frame where the particle is at rest. If a Tau lepton is created with a kinetic energy of 450MeV, how long would...

An investment of K 4 , 0 0 0 grows to in 5 Years. What is the compound annual rate of this investment

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

7. Define cultural space.

5. Define and give an example of cross-cultural differences in facial expressions, proxemics, gestures, eye contact, paralanguage, chronemics, and silence.

8. Describe how cultural spaces are formed.