Question 4 You are currently working on a project to be completed in 20 months. The budget of the project is R12 000 000. Six months have passed, and the schedule says that 30% of the work should be completed. To date R2 800 000 has been spent already, however on a closer review; you find that only 15% of work has been completed. 4.1. Calculate the project's Planned Value (PV). 4.2. Calculate the project's Earned Value (EV). 4.3. Calculate the project's Cost Variance (CV) and determine if the project is under budget or over budget. 4.4. Calculate the project's Schedule Variance (SV) and determine if the project is behind schedule or ahead of schedule.
Question 4 You are currently working on a project to be completed in 20 months. The budget of the project is R12 000 000. Six months have passed, and the schedule says that 30% of the work should be completed. To date R2 800 000 has been spent already, however on a closer review; you find that only 15% of work has been completed. 4.1. Calculate the project's Planned Value (PV). 4.2. Calculate the project's Earned Value (EV). 4.3. Calculate the project's Cost Variance (CV) and determine if the project is under budget or over budget. 4.4. Calculate the project's Schedule Variance (SV) and determine if the project is behind schedule or ahead of schedule.
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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Transcribed Image Text:Question 4
You are currently working on a project to be completed in 20 months. The budget of the project is R12 000 000. Six
months have passed, and the schedule says that 30% of the work should be completed. To date R2 800 000 has been
spent already, however on a closer review; you find that only 15% of work has been completed.
4.1. Calculate the project's Planned Value (PV).
4.2. Calculate the project's Earned Value (EV).
4.3. Calculate the project's Cost Variance (CV) and determine if the project is under budget or over budget.
4.4. Calculate the project's Schedule Variance (SV) and determine if the project is behind schedule or ahead of schedule.
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