Task	%Completed	EV	AC	PV	CV	SV
A	100%	100	200	100
B	100%	250	200	250
C	100%	450	400	450
D	75%	150	100	100
Cumulative totals		950	900	900

Table2 Project Management

Question 1

You have been appointed to project manage the development of a new App for Wits Students which provides a market space for the retail of second-hand books. At the end of week 6, you are presented with the status report detailed in Table 2 below by your project manager.

Table 2 - Status report at the end of Time Period 6 (in 000's)

Complete the status report on separate piece of paper and answer questions 1 - 5.

Question 1

The schedule variance at the end of week 6 suggests that:

Group of answer choices

D. The project is R50 000 behind schedule

B. The project is R50 000 under budget

A. The project is R50 000 over budget

C. The project is R50 000 ahead of schedule

Question 2

Refer to the Status Report at the end of week 6 you completed in question 1.

The Cost Performance index at the end of week 6 (rounded to two decimal points) indicates that:

Group of answer choices

D. For every R1 spent you have accomplished an extra 6c worth of work indicating your are behind schedule and inefficient.

A. For every R1 planned you have accomplished an extra 6c worth of work indicating you are ahead of schedule and very efficient

C. For every R1 planned you have accomplished an extra 6c worth of work indicating your are over budget and inefficient.

B. For every R1 spent you have accomplished an extra 6c worth of work indicating your are under budget and very efficient.

Question 3

Refer to the Status Report at the end of week 6 you completed in question 1.

Assume your BAC is R2 000 000, the PCIB suggests that you are:

Group of answer choices

A. 48% complete in terms of budget

B. 4.8 percent complete in terms of budget

D. 54% complete in terms of cost

C. 75% complete in terms of cost

Question 4

Refer to the Status Report at the end of week 6 you completed in question 1.

Assume your BAC for the project is R2 000 000. Your VAC at the end of week 6, using EAC_f, and assuming your efficiency decreases by a quarter, suggests that you will be (round all workings to two decimal places):

Group of answer choices

B. R212 500 under budget at the end of the project

C. R229 110 over budget at the end of the project

A. R200 000 under budget at the end of the project

D. R212 500 over budget at the end of the project

Question 5

Refer to the Status Report at the end of week 6 you completed in question 1.

Assume your BAC is R2 000 000. Your PCIC at the end of week 6, which you calculated using EAC_f, having assumed that your revised efficiency as calculated in question 4 has now increased by 10%, suggests that you are (rounded to two decimal places):

Group of answer choices

A. 41% complete in terms of budget

B. 41% complete in terms of cost

D. 43% complete in terms of cost

C. 43% complete in terms of budget