Question: Remember a work week has 5 days and a month 22 days. Summary Table Project Facts Detail Project Duration 6 Months Project Budget $100,000 Contingency

Remember a work week has 5 days and a month 22 days.

Summary Table

Project Facts

Detail

Project Duration

6 Months

Project Budget

$100,000

Contingency Reserve

$15,000

Management Reserve

$10,000

Total EMV Duration (From Risk Register)

22 Days

Total EMV Costs (From Risk Register)

($13,500)

Question

Answer

Are the cumulative EMV costs lower, equal to or more than the contingency reserve?

What is the $$ gap between the contingency reserve and the cumulative EMV costs.

$

A new opportunity is recorded, the EMV analysis is:

EMV Cost = $4,500

EMV Duration = (5.5) days

Updated Total EMV Cost: $

Updated Total EMV Duration:

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 General Management Questions!