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...

See similar textbooks

Similar questions

This project has the following activities that need to be completed (see Table below) a) Draw the AOA and AON diagrams b) Find the critical path in AOA and AON Diagrams. Show calculations and table. c) Find the completion time. Show calculations d) Find the duration of each activity. Show calculations e) Show the predecessors in a table format. Activity TE AB 1 AC 3 AD 3 DC 4 CB 3 DE 8 CF 2 BF 4 IJ 2 CE 6 EF 5 FG 10 FH 11 EH 1 GH 9 EJ 3 GI 8 HJ 6 .
Please answer all parts of the question, Will rate
Use (AON) method
blä 8 Q2/ By using PERT Method, Solve the ? following Q2/ For the project described in table below, assume that the activity durations are approximately normally distributed. Determine the probability to complete this project in (15 weeks). Activity Path m b a A (1,2) 1 2 В (2,3) 2 4 C (2,4) 1 3 D (4,5) 2 5 8 E (1,5) 2 4 F (5,6) 1 2 Note that the activity (3,4) is a dummy activity. 3. 3.
In order to promote the College of Engineering, IT and Environment, the college asks you to organize an information session to the prospective students and parents (which can be considered as a project). The project is expected to be completed within 3 weeks and this event should be held in CDU Casuarina campus. The project budget is AUD 3,000.00. Answer the following questions (you can make assumptions in answering the questions). Question 1 c) Assess the risks. d) Explain what can be considered as quality metrics for this project
A project consisting of the following activities: Activities predece.Activities day TE M K J H G E C B G KJ G I,F D D E,C B,A| B,A A 1 3 4 6. 5 2 3 9 6 2 4 3 5 1- Draw the network diagram of the project 2- Calculate (Es) and (Lc) the project events 3- Select the critical path 4 - What is the minimum time required to complete the project?
The following table contains information related to the car problems of 2 SUV being maintained in Toyota. Activity Immediate Time (days) Total Cost Maximum Crash cost per day Predecessor Normal Crash Normal Crash Reduction in Duration time A 9. 4 P1,500 P2000 В A 3 1000 1400 8. 4 1600 2200 C 4 900 1150 E В, D 1 800 1300 What is the expected project duration?
You lead a family day project for welcoming the arrival of the new students to the campus. The accompanying Table 1 shows the activities, times and sequences required for the project planning and monitoring. Based on the Table 1, using Critical Path Method (CPM) diagram, determine the ES, EF, LS & LF, identify the critical activities, critical path and the expected project completion time.
i need the answer quickly
IT PROJECT MANAGEMENT :EX 1.2 Define a project with help of example and explain briefly the Project Life Cycle and the phases involved?
Project Duration= Planning on spending per month Project Budget (BAC) Percent complete per month Performance Analysis % Complete Planned Value (PV) Actual Cost (AC) Earned Value (EV) Schedule Variance (SV) Schedule Performance Index (SPI) Cost Variance (CV) Cost Performance Index (CPI) Estimate at Completion (EAC) Estimate to Complete (ETC) Variance at Completion (VAC) 5 months $300,000.00 $1,500,000.00 Month 1 20% 20% of work completed 15% of work completed Spent additional $110,000 Month 2 Instructions: Utilizing the EVM cheat sheet provided by the instructor, complete the calculations i formulas and functions to attain your answers. Please do not simply plug in numbers. This exerci ability to use Excel. Finally, answer the questions below to explain your answers. Question 1: What do your SV numbers tell you about the project schedule and how? Answer 1: Question 2: What do your SPI numbers tell you about the project schedule and how? Answer 2:
I need solve this in project management

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS