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A project is scheduled to complete in six months duration. There are two activities in the project. The actual cost of Activity 1 is SAR 300,000 and that of Activity 2  is SAR 200,000. The planned value of these activities is SAR 280,000 and 150,000 respectively. On reviewing, the current project status is Activity 1 is 100% completed and Activity 2 is only 75% completed. (i) Perform the earned value calculations of the above project scenario and fill the given table. Activity Month 1 Earned Value   Planned Value   Actual Cost   Cost Variance   Scheduled Variance   Cost performance Index   Schedule performance Index    (ii) What do you infer about the project schedule and cost based on your calculations?

A project is scheduled to complete in six months duration. There are two activities in the project. The actual cost of Activity 1 is SAR 300,000 and that of Activity 2  is SAR 200,000. The planned value of these activities is SAR 280,000 and 150,000 respectively. On reviewing, the current project status is Activity 1 is 100% completed and Activity 2 is only 75% completed. (i) Perform the earned value calculations of the above project scenario and fill the given table. Activity Month 1 Earned Value   Planned Value   Actual Cost   Cost Variance   Scheduled Variance   Cost performance Index   Schedule performance Index    (ii) What do you infer about the project schedule and cost based on your calculations?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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A project is scheduled to complete in six months duration. There are two activities in the project. The actual cost of Activity 1 is SAR 300,000 and that of Activity 2  is SAR 200,000. The planned value of these activities is SAR 280,000 and 150,000 respectively. On reviewing, the current project status is Activity 1 is 100% completed and Activity 2 is only 75% completed.

(i) Perform the earned value calculations of the above project scenario and fill the given table.

Activity

Month 1

Earned Value

 

Planned Value

 

Actual Cost

 

Cost Variance

 

Scheduled Variance

 

Cost performance Index

 

Schedule performance Index

 

 (ii) What do you infer about the project schedule and cost based on your calculations?

 

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