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

TPDTEDTADBPDPVEVACBAC
160 weeks120 weeks160 Weeks60 Weeks100080012002000

a. 80 weeks and $3000

b. 40 weeks and $2800

c. 20 weeks and $1000


d. 18 weeks and $800

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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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