Question: You are managing a software project with an initial budget estimate of 2 million USD. During interim cost and schedule performance analysis, you figured out

You are managing a software project with anYou are managing a software project with an

You are managing a software project with an initial budget estimate of 2 million USD. During interim cost and schedule performance analysis, you figured out that: You should have spent $500,000 till now based on your initial plans and 1,000 man/days of schedule activities You spent $600,000 till now and completed 1,100 man/days of schedule activities which should have cost $450,000 based on your initial plans. You re-estimated the budget required for the remaining work to be done as $1,500,000. Question 1-) What is the CPI and SPI of the project respectively? A-) CPI=0.9 and SPI=1.2 B-) CPI=1.2 and SPI=0.9 C-) CPI=0.75 and SPI=1.1 D-) CPI=1.1 and SPI=0.75 Question 2-) What is the CV and SV of the project respectively? A-) CV= -$150,000 and SV=100 man/days B-) CV= $150,000 and SV=-100 man/days C-) CV= -$100,000 and SV=-100 man/days D-) CV= $100,000 and SV=100 man/days Question 3-) What is the Variance at Completion? A-) -$100,000 B-) $100,000 C-) -$50,000 D-) $50000 Question 4-) What is the TCPI based on your new Estimate at Completion value? A-) 1.11 B-) 0.90 C-) 1.03 D-) 0.97 Question 5-) What is the status of your project? A-) Project is ahead of schedule, under budget, and it is easier to complete the project on new EAC B-) Project is behind schedule, over budget, and it is harder to complete the project on new EAC C-) Project is ahead of schedule, over budget, and it is easier to complete the project on new EAC D-) Project is ahead of schedule, over budget, and it is harder to complete the project on new EAC

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!