Question: You are the project manager on a design project. The budget of the project is shown in the table below in thousands of dollars, broken

You are the project manager on a design project.

You are the project manager on a design project.

You are the project manager on a design project.

You are the project manager on a design project.

You are the project manager on a design project. The budget of the project is shown in the table below in thousands of dollars, broken down by activity and month of work. Activity Month 1 Month 2 Month 3 Month 4 Month 5 Project 20 10 20 10 30 Management Background 60 Information Review 80 Preliminary Design 40 80 30 Detailed Design 70 20 Cost Estimation In the first month of work, the following costs were incurred, and percentage of work completed. 40 Month 1 % Complete 24 25% Activity Project Management Background Infomation Review Preliminary Design Detailed Design Cost Estimation 62 42% Given these values, calculate the following earned value metrics for the first month. (Dollar values thousands of dollars, and all results rounded to two decimal places) Cumulative Planned Value = Cumulative Actual Value = Cumulative Earned Value = SPI = CPI = The project is schedule The project is budget If the rest of the work is expected to be completed at the same CPI rate, ETC = In the second month of work, the following costs were incurred, and percentage of work completed. In the second month of work, the following costs were incurred, and percentage of work completed. % Activity Month 1 Month 2 Complete Project 18 8 30% Management Background 52 78 85% Information Review Preliminary Design 20 15% Detailed Design Cost Estimation Given these values, calculate the following earned value metrics for the second month. (Dollar values in thousands of dollars, and all results rounded to two decimal places) Cumulative Planned Value = Cumulative Actual Value = Cumulative Earned Value = SPI = CPI = CPI = The project is schedule The project is budget If the rest of the work is expected to be completed at the same CPI rate, ETC =

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!