Compute the followings:a. A project has a budget of $15M and scheduled for 1 year. It is assumed that the total budget will be spentequally each month. After 1 month the project manager finds that only 7.5% of the work is finished and atotal of $1.5M spent. Find the following: Variances: CV, SV; Indices: CPI, SPI; Forecasting: EAC, ETC,Time to completion.b. In month 9, the following project information is available: Actual cost is $2000, Earned value is $2100 andPlanned cost is $2400. Compute the SV and CV for the project.c. On day 51 a project has an earned value of $600, an actual cost of $650, and a planned cost of $560.Compute the SV, CV and CPI for the project. What is your assessment of project on day 51?
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