Assume that ABC Company has invested a budget of 36 million riyals for XY project and planned to complete in 12 months.  In addition, assume that the company planned to spend the budget equally in each month. However, when the first two months has passed, the project manager has found out that the total of two million riyals spent. Based on the above scenario, answer the following: Suppose Rate of performance =0.25 a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b) How much will it actually cost the company to complete this project, and how long will it really take to complete it based on the performance to date? c) What do you think of the project performance? over/under the budget? behind /ahead the schedule? Justify your answer.

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
icon
Related questions
Question

Assume that ABC Company has invested a budget of 36 million riyals for XY project and planned to complete in 12 months.  In addition, assume that the company planned to spend the budget equally in each month. However, when the first two months has passed, the project manager has found out that the total of two million riyals spent.

Based on the above scenario, answer the following:

Suppose Rate of performance =0.25

  1. a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
  2. b) How much will it actually cost the company to complete this project, and how long will it really take to complete it based on the performance to date?
  3. c) What do you think of the project performance? over/under the budget? behind /ahead the schedule? Justify your answer.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Project Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Database System Concepts
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
Starting Out with Python (4th Edition)
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
Digital Fundamentals (11th Edition)
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
C How to Program (8th Edition)
C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON
Database Systems: Design, Implementation, & Manag…
Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning
Programmable Logic Controllers
Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education