Q1- Part A- Which of the following can best describe the project status in regard to...
Q1-
Part A-
Which of the following can best describe the project status in regard to budget and schedule?
a- Behind schedule-Overbudget
b- Behind schedule- Underbudget
c- Ahead the schedule- Overbudget
d- Ahead of schedule- Underbudget
Part B-
It is possible to have the scheduler report saying the project is behind schedule while the earned value analysis is showing a positive schedule variance.
TRUE or FALSE
Part C
EV is cost-based, so it is more reliable than CPM.
TRUE of FALSE
Homework Answers
Ans 1 : D) Ahead of schedule- Underbudget
Ans 2 : False , It is not possible to have the scheduler report saying the project is behind schedule while the earned value analysis is showing a positive schedule variance.
Ans 3 : True , Earned Value Analysis is cost-based, so it is more reliable than CPM.
Add Answer to:
Q1-
Part A-
Which of the following can best describe the project status in
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Please solve these questions by choosing the correct
answer
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I need help with the attached assignment. I attached the question and completed assigment. I just...
I need help with the attached assignment. I attached the
question and completed assigment. I just need help with answering
one more question which is which is:
Discuss a strategy that you would use to communicate the status
of the project to stakeholders?
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2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate. You have an earned value of $8,500 and you have spent $10,000. What is your EAC? (2 points) 3. The earned value on your project is $15,000, the planned value is $20,000, and the actual cost is $18,000. What is your current schedule variance (in $)? (1 point) 5. You are working on a large project and have determined that your cost variance is...
Aflooring subcontractor has to install 2,600sq ft of carpet for an existing building for unit cost of $2.30 per sq ft. The subcontractor was given 10 days to finish all the work. Four days after the start of the work, he found out 1,500sqft of the carpet is installed and its actual cost was $3,150 to that date. Perform EV (earned value) analysis on the task above and answer Questions 1-11 Next → Question 1 5 pts What is the...
Please solve these questions by choosing the correct
answer
25 B) Work Breakciown Siructure is: A) A hierarchically-organized depiction of the project organization ) A hierarchical representation of project risks 5 C D) A hierarchical structure of resource categories A deliverables-oriented decomposition of the project work Based on your experience with three similar past projects, you estimate an 8-10 month implementation time frame for a new project. What is this type of estimation technique called? A) Three-Point Estimating B) Bottom-Up...
QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. It describes how the project costs will be planned, structured, and controlled. It is based on project cost estimates and is separate from the project management plan. It may specify the level of precision, which is the...
I need help with the attached assignment. I attached the
question and completed assigment. I just need help with answering
one more question which is which is:
Discuss a strategy that you would use to communicate the status
of the project to stakeholders?
Project Monitoring and Control Assignment Complete the following items for this assignment: 1. Read through the Case 13.1 Tree Trimming Project Case in Larson and Gray. Respond to Questions 1 and 2 of the case. Use Microsoft...
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