Question: The following data is reported by a project manager. He is asking you to analyze the situation and let him know of the needed duration
The following data is reported by a project manager. He is asking you to analyze the situation and let him know of the needed duration and budget contingency to mitigate the situation at this stage of project?
Note: Use EVM for Cost and EDM for Duration.
TPD: Total Planned Duration
TED: Total Earned Duration
TAD: Total Actual Duration
BPD: Baseline Planned Duration (Project Duration)
PV: Planned Value
EV: Earned Value
AC: Actual Cost
BAC: Bidget At Completion
| TPD | TED | TAD | BPD | PV | EV | AC | BAC |
| 160 weeks | 120 weeks | 160 Weeks | 60 Weeks | 1000 | 800 | 1200 | 2000 |
a. 80 weeks and $3000 | ||
b. 40 weeks and $2800 | ||
c. 20 weeks and $1000 | ||
d. 18 weeks and $800 |
Step by Step Solution
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In order to answer the question firstly we need to understand some basic concepts Earned Value Management EVM is a project management technique for me... View full answer
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