Question: QUESTION TWO [16 MARKS] Motion visual enterprise is contracted to complete a movie filming project predetermined to be completed in 18 months. The movie filming

QUESTION TWO [16 MARKS] Motion visual enterprise

QUESTION TWO [16 MARKS] Motion visual enterprise is contracted to complete a movie filming project predetermined to be completed in 18 months. The movie filming project budgeted R1 250 000. Eight (8) months have passed and R950 000 has been spent. Based on the current project progress report, 55% of the work has been completed. Given that the project's Earned Value (EV) is R680 000 and Present Value is R775 000, measure project performance by calculating the following: NB: Show all the calculations 2.1 Schedule variance (SV) and interpret the meaning of the movie filming project SV value. (1x4=4 marks) 2.2 Cost variance (CV) and interpret the meaning of the movie filming project CV value. (1x4=4 marks) 2.3 Assuming the movie filming project is behind schedule, as project manager, advise how you would utilise the following project management tools to get the project back to track. (a) Project crashing (2x2=4 marks) (b) Project fast-tracking (2x2=4 marks)

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