You are the project manager for a construction project that involves building and installing a series...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are the project manager for a construction project that involves building and installing a series of solar power units for a client. The project was planned to be completed in 8 months at a total cost of AED500,000. You are currently in the 6th month of the project, and you need to assess its progress using Earned Value Management (EVM). Instructions: 1. Calculate the following EVM metrics for your project based on the provided data: Planned Value (PV) Earned Value (EV) Actual Cost (AC) Cost Performance Index (CPI) Schedule Performance Index (SPI) Estimate at Completion (EAC) using both the CPI and SPI methods Variance at Completion (VAC) 2. Additionally, calculate and report the Earned Value for the number of solar power units installed as a separate metric. Data: . . . . . . . 3. Provide a brief analysis of the project's performance based on the calculated EVM metrics, focusing on the units installed as well. . . Planned Budget (BAC): AED500,000 Planned Duration (8 months): 240 days Actual Cost Incurred: AED420,000 • Planned Units to Install: 200 units ● • Units Installed: 150 units Actual Duration (6 months): 180 days You are the project manager for a construction project that involves building and installing a series of solar power units for a client. The project was planned to be completed in 8 months at a total cost of AED500,000. You are currently in the 6th month of the project, and you need to assess its progress using Earned Value Management (EVM). Instructions: 1. Calculate the following EVM metrics for your project based on the provided data: Planned Value (PV) Earned Value (EV) Actual Cost (AC) Cost Performance Index (CPI) Schedule Performance Index (SPI) Estimate at Completion (EAC) using both the CPI and SPI methods Variance at Completion (VAC) 2. Additionally, calculate and report the Earned Value for the number of solar power units installed as a separate metric. Data: . . . . . . . 3. Provide a brief analysis of the project's performance based on the calculated EVM metrics, focusing on the units installed as well. . . Planned Budget (BAC): AED500,000 Planned Duration (8 months): 240 days Actual Cost Incurred: AED420,000 • Planned Units to Install: 200 units ● • Units Installed: 150 units Actual Duration (6 months): 180 days
Expert Answer:
Answer rating: 100% (QA)
SOLUTION To assess the progress of the construction project using Earned Value Management EVM we will calculate various EVM metrics based on the provided data Here are the calculations and analysis fo... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Posted Date:
Students also viewed these accounting questions
-
Design a Fuzzy system to reduce effect of impulse noise on a noisy image with intensities ranging from [0, L-1]. Let zs denotes the intensity of middle pixel of the neighborhood. The output intensity...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
An individual consumer utility function is U = q 1 . q 2 and her money income is ( 1 0 0 ) , while the prices are P 1 = 2 and P 2 = 5 . Determine the substitution, income and price effect.
-
Debbie Walker earns a salary of $4,000 per month during the year.Employment Insurance taxes (EI) are 1.88% of the first $49,500 in earnings. The Canadian Pension Plan (CPP) rate is 4.95% of the first...
-
Pediatric Dispensary borrowed $390,000 on January 2, 2018, by issuing a 15% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of...
-
Reaction of benzaldehyde with 1,2-octanediol in benzene containing a small amount of p-toluenesulfonic acid yields almost equal quantities of two products in a combined yield of 94%. Both products...
-
Find sample interrogatories propounded in California state courts and in federal court cases. Are there any striking differences between the two?
-
Gamma Holding NV, a Dutch textile company, presented the following calculation of operating profit in its 2009 consolidated income statement : X 1,000,0002009 Net turnover658.5 Change in finished...
-
From your readings, when discussing the moral aspect of the human condition, it is said that a dog dressed as a baby is no longer an "authentic" dog. It does not represent what a dog truly is. Now,...
-
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: The company's manufacturing overhead cost is applied to production...
-
Write An analysis of Cyber Security and its Impacts
-
If 2 X y -7 2-5 6 -7 then x = and y = _. 2 X 2 -5 If y -7 then x = and y = 6-7
-
Suppose stock in Banda Corporation has a beta of .80. The market risk premium is 6 percent, and the risk-free rate is 6 percent. Banda's last dividend was $1.20 per share, and the dividend is...
-
1. Calculate the net force (which would include the force of gravity and the force of buoyancy) acting on a spherical helium-filled balloon in air with radius R=12 cm. The mass of the empty balloon...
-
15. A constant force is applied to an 8.7 kg wagon to bring its velocity from 4.6 m/s to 1.2 m/s over a distance of 15 m. Calculate the force. tr che
-
Recall that under Church encoding, we have the following definitions: IF Xbt f. bt f TRUE = Xt f. t FALSE Xt f. f a) (2pt) Fully evaluate (x. (x y TRUE)) FALSE so that no further -reduction is...
-
What would happen it there. if Mestrictions to the power of representatives? were no elected
-
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
-
For each of the following assets, identify the possible components: a. Airplane b. Wind farm c. Manufacturing facility d. Cruise ship e. Hydro lines
-
If a set of financial statements were meant to portray the cash flows of an organization, what kinds of accounting policies would likely be chosen?
-
What is the difference between intraperiod and interperiod income tax allocation? Explain how intraperiod tax allocation affects the statement of income and comprehensive income.
-
In an ideal gas mixture consisting of components \(A\) and \(B\), the partial pressure of component \(A\) is equal to (a) \(p_{\mathrm{A}}=\frac{n_{\mathrm{A}}-n_{\mathrm{B}}}{N}\) (b)...
-
The chemical potential of component \(i\) in a solution mixture can be expressed as (a) \(\mu_{i}=R T \ln G_{i}^{0}+a_{i}\) (c) \(\mu_{i}=R T \ln G_{i}^{0}-a_{i}\) (b) \(\mu_{i}=R T \ln...
-
For any pure substance, the difference between \(C_{P}\) and \(C_{V}\) can be expressed in terms of the isothermal compressibility \(\alpha\) and volume expansivity \(\beta\) as (a)...
Study smarter with the SolutionInn App