QUESTION 5: (a) Explain the application of S-Curve in project monitoring and control. In what way...

 

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QUESTION 5: (a) Explain the application of S-Curve in project monitoring and control. In what way does it help the project manager? (b) Figure Q5 (i) and (ii) show S-Curves for two projects A and B. Briefly explain your analysis of each S-Curve, and make, with explanation, one recommendation with respect to project budget and one recommendation with respect to work progress that you would make to the project manager. %-Cost 100 90 80 70 60 50 40 30 20 10- 0 %-Cost 100 90 80 70 60 50 40 30 20 10 0 0 0 10 CH 10 20 Actual Costs 20 30 Planned- Costs 50 60 Report Date Figure Q5 (i): Project A Actual Costs 30 40 Actual Work Planned Costs Actual Work -Planned Work Planned Work 40 50 60 70 Report Date Figure Q5 (ii): Project B 4 70 80 90 80 8 100% Time 100% Time Work -100% 75% 50% 25% 0% Work 100% 75% 50% 25% 0% QUESTION 5: (a) Explain the application of S-Curve in project monitoring and control. In what way does it help the project manager? (b) Figure Q5 (i) and (ii) show S-Curves for two projects A and B. Briefly explain your analysis of each S-Curve, and make, with explanation, one recommendation with respect to project budget and one recommendation with respect to work progress that you would make to the project manager. %-Cost 100 90 80 70 60 50 40 30 20 10- 0 %-Cost 100 90 80 70 60 50 40 30 20 10 0 0 0 10 CH 10 20 Actual Costs 20 30 Planned- Costs 50 60 Report Date Figure Q5 (i): Project A Actual Costs 30 40 Actual Work Planned Costs Actual Work -Planned Work Planned Work 40 50 60 70 Report Date Figure Q5 (ii): Project B 4 70 80 90 80 8 100% Time 100% Time Work -100% 75% 50% 25% 0% Work 100% 75% 50% 25% 0%