You are the Project Manager for park upgrade initiative. The project is to plant trees in the
Question:
You are the Project Manager for park upgrade initiative. The project is to plant trees in the park. Your team will be planting 50 trees per day for 10 days. The budget for each tree is $100 (this includes the tree, soil, labour, tools, advertising, etc.).
It is the end of day 6, and the status of your project is as follows:
200 trees have been planted, and $25,000 has been spent up to this point.
Answer the questions with the detailed steps and formula.
1. What is a planned value?
2. What is the earned value?
3.What is the actual cost?
4. IF the project is handled at the same cost performance as present, how much more will this project cost after the end of the sixth day?
5. What is the variance of completion (VAC)?
Methods of IT Project Management
ISBN: 978-1557536631
2nd edition
Authors: Jeffrey Brewer, Kevin Dittman