Earned Value Management (EVM) is a method or an approach in measuring the project performance throughout the project at any point of time that integrates the variances of cost and schedule in assisting organizations to decide either to continue or terminate the project. 1. Within 200 days, the equipment supplier has agreed to supply 100 units of spare equipment at the price of RM500 per unit. However, 50 days later, the supplier can only supply 21 units with an actual total cost of RM11,400. a. Indicate either the supply is ahead or behind the schedule (in days). b. Indicate either the supply is under or exceed the budget (in amount). c. Indicate the cost performance of the supply (in percentage) d. Indicate the performance of the supply in term of schedule (in percentage)
Earned Value Management (EVM) is a method or an approach in measuring the project performance throughout the project at any point of time that integrates the variances of cost and schedule in assisting organizations to decide either to continue or terminate the project. 1. Within 200 days, the equipment supplier has agreed to supply 100 units of spare equipment at the price of RM500 per unit. However, 50 days later, the supplier can only supply 21 units with an actual total cost of RM11,400. a. Indicate either the supply is ahead or behind the schedule (in days). b. Indicate either the supply is under or exceed the budget (in amount). c. Indicate the cost performance of the supply (in percentage) d. Indicate the performance of the supply in term of schedule (in percentage)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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PROJECT MANAGEMENT
Transcribed Image Text:Earned Value Management (EVM) is a method or an approach in measuring the project performance
throughout the project at any point of time that integrates the variances of cost and schedule in
assisting organizations to decide either to continue or terminate the project.
1. Within 200 days, the equipment supplier has agreed to supply 100 units of spare equipment at the
price of RM500 per unit. However, 50 days later, the supplier can only supply 21 units with an
actual total cost of RM11,400.
a. Indicate either the supply is ahead or behind the schedule (in days).
b. Indicate either the supply is under or exceed the budget (in amount).
c. Indicate the cost performance of the supply (in percentage)
d. Indicate the performance of the supply in term of schedule (in percentage)
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