Earned value analysis is the project management tool that is used to measure project progress.You are a project manager in company XYZ that responsible to handling the packaging machineproject with the total cost budgeting is RM100,000. There are including RM24,000 (Design),RM60,000 (build) and RM16,000 (install & test). The information regarding on the projectprogress development in weeks 8 as shown in Table 2 below:NoTypeCumulative Budgeted Cost (CBC)2 Cumulative Actual Cost (CAC)Cumulative Earned Value (CEV)13TOTALRMi.ii.iii.iv.64,00068,00054,000100,000Percentage64.0Cost performance Index (CPI) [hint: CEV/CAC]Cost variance (VC) [hint: CEV-CAC]68.054.0a) Based on question 2(a), calculate and elaborate the various of indicators of costperformance for this project based on the respective below:100.0Forecasted cost of completion (FCAC) with action taken [hint: TBC/CPI]Forecasted cost of completion (FCAC) without any action taken[hint: CAC + [TBC-CEV]

Total Budgeted Cost = TBC = RM100,000 Cumulative budgeted Cost = CBC = RM64,000 Cumulative Actual…

Answered: Earned value analysis is the project…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A project has the following activities, with specified precedents and expected durations (in days). What is the expected project duration?
Table 3 gives time estimates in weeks for each activity (Durations are Time Expected obtained using PERT) Activity Preceded 1 Order review 2 Order vendor parts 3 Produce standard parts 4 Design custom parts Software development 5 6 Manufacture custom parts 7 Assemble 8 Test Duration 5 15 20 13 18 10 10 5 1 1 1 4 2,3,6 2,5 Resources Ryan Carly Ryan Lauren Connor Ryan Dawn Test Assuming that you have been engaged to programme the project activities indicated in Table 3 and Figure A8.1B (Air Control Project: Time Plan without Resources), USE CCPM (Critical Chain Project Management) to ESTIMATE the project duration by showing each and every stage of your programming process (indicate technical dependency with resources imposed).
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