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 machine project 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 project progress development in weeks 8 as shown in Table 2 below: Table 2 Type Cumulative Budgeted Cost (CBC) 2 Cumulative Actual Cost (CAC) Cumulative Earned Value (CEV) No 1 3 TOTAL RM 64,000 68,000 54,000 100,000 Percentage 64.0 68.0 54.0 100.0 a) With the aid of a typical S-curve diagram, draw and explain the four cost-relate measures such as TBC, CBC, CAC and CEV to analyses the overall project co performance.
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 machine project 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 project progress development in weeks 8 as shown in Table 2 below: Table 2 Type Cumulative Budgeted Cost (CBC) 2 Cumulative Actual Cost (CAC) Cumulative Earned Value (CEV) No 1 3 TOTAL RM 64,000 68,000 54,000 100,000 Percentage 64.0 68.0 54.0 100.0 a) With the aid of a typical S-curve diagram, draw and explain the four cost-relate measures such as TBC, CBC, CAC and CEV to analyses the overall project co performance.
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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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 machine project 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 project progress development in weeks 8 as shown in Table 2 below:
Table 2
No
1
2
3
Type
Cumulative Budgeted Cost (CBC)
Cumulative Actual Cost (CAC)
Cumulative Earned Value (CEV)
TOTAL
RM
64,000
68,000
54,000
100,000
Percentage
64.0
68.0
54.0
100.0
a) With the aid of a typical S-curve diagram, draw and explain the four cost-related
measures such as TBC, CBC, CAC and CEV to analyses the overall project cost
performance.
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