The construction team has been working on the build for several weeks Based on your project schedule, the planned value (PV) is $500,000 The earned value (EV) so far is $350,000 The actual cost (AC) of the project as of today is $550,000 and the budget at completion (BAC) is $1,200,000 For each question, provide the equation you will use to determine the answer What is the schedule valiance (SV) What is the cost variance (CV) What is the schedule performance index (SPI) What is the cost performance index (CPI) What is the estimate to completion (ETC) What is the Estimate at Completion (EAC) What is the To complete performance index (TCPI) Using the information you calculate above, what do these values mean to you Do you think your project sponsor would be happy with the team's progress What ideas do you have to get the project back on track

The Answer is in the image, click to view ...

Question: The construction team has been working on the build for several weeks. Based on your project schedule, the planned value (PV) is $500,000. The earned

The construction team has been working on the build for several weeks. Based on your project schedule, the planned value (PV) is $500,000. The earned value (EV) so far is $350,000. The actual cost (AC) of the project as of today is $550,000 and the budget at completion (BAC) is $1,200,000. For each question, provide the equation you will use to determine the answer.

What is the schedule valiance (SV)?
What is the cost variance (CV)?
What is the schedule performance index (SPI)?
What is the cost performance index (CPI)?
What is the estimate to completion (ETC)?
What is the Estimate at Completion (EAC)?
What is the To-complete performance index (TCPI)?
Using the information you calculate above, what do these values mean to you? Do you think your project sponsor would be happy with the team's progress? What ideas do you have to get the project back on track?

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!

The chart of accounts for Kims Tree Trimming Service is as follows: Kims Tree Trimming Service completed the following transactions during the month of October: A. Sam Kim invested $30,000 in the...

Instructions Instructions: You are a project manager that is in the middle of a large home construction project. Your director asks you to give him a better idea as to where the project is at with...

10. Inspired by his trip to Greece, the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard. After 8 months of the project, his earned value dataset...

Earned value management, commonly referred to as EVM, is a project management tool that combines the cost, schedule, and scope information for a project into an integrated baseline. As the project...

1. Which of the following can be considered a project? The operation of an automobile production line that produces 400 autos every day. An outpatient clinic that processes over one hundred blood...

ADDITIONAL RUNNING CASE: THIRD AVENUE SOFTWARE HEALTHCARE Part 4: Project Cost and Quality Management As with other methods of software development, the applications size is a major indicator of how...

ADDITIONAL RUNNING CASE: THIRD AVENUE SOFTWARE HEALTHCARE Part 4: Project Cost and Quality Management As with other methods of software development, the application's size is a major indicator of how...

Manage Your Health, Inc. (MYH) is listed in the Fortune 500 Company that provides a variety of healthcare service across the globe. They have 20,000 full-time and 9,000 part-time employees. A study...

A Case Study for Tasks 1 and 2 Manage Your Health, Inc. (MYH) is listed in the Fortune 500 Company that provides a variety of healthcare service across the globe. They have 22,000 full-time and...

Part 1: Cost Management As with other methods of software development, the applications size is a major indicator of how much it might cost to develop. In agile development, cost estimates are often...

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5...

Using diagrams of the market for capital, determine the effect of the following events on market interest rates: a. Consumers increase their saving rate. b. Advances in nanotechnology reduce firms'...

Use the data in the following table, which lists drive-thru order accuracy at popular fast food chains. Assume that orders are randomly selected from those included in the table. Drive-thru...

evaluate the following l i m i t . lim ( x , y ) ( 0 , 2 ) 1 - c o s ( x y ) 1 4 x 2 y 3

Jane Shay operates a management consulting business. The business has been successful and now produces a taxable income of $65,000 per year after all "ordinary and necessary" expenses and...

For a particle moving in an elliptical orbit with semi major axis a and eccentricity ε, show that Where the angular brackets denote a time average over one complete period ((a/r)* cos 8) =...

The Sendai Co., Ltd. of Japan has budgeted costs in its various departments as follows for the coming year: The Japanese currency is the yen, denoted by. The company allocates service department...

Spheres A (mass 0.020 kg), B (massO.030kg) and C (mass 0.050 kg) are approaching the origin as they slide on a frictionless air table (Fig. 8.41). The initial velocities of A and B are given in the...

Financial Statement Effects of FIFO and LIFO the management of Tritt Company has asked its accounting department to describe the effect upon the company?s financial position and its income statements...

what are the zones of social media? explain wacg one. then provide 3 examples of each.

6. What is meant by: accessibility carries greater weight than relevance?

1. To learn how to develop a vision that can be communicated. To gain insight into the importance of game theory for communication strategies.

9. Take a view or attitude that you hold strongly. Search for information that is opposed to this view or attitude. Discuss.