Based on the values EV=$10,000, SPI=1.1, and AC=$12,000, which best describes the current status of the...
Based on the values EV=$10,000, SPI=1.1, and AC=$12,000, which best describes the current status of the project?
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The project is over cost and behind schedule. |
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The project is under cost and ahead of schedule. |
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The project is over cost and ahead of schedule. |
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The project is at cost and behind schedule |
Homework Answers
Project cost control is nothing but the process by which the status of the project is monitored so that the project costs are updated and changes to the cost baseline are managed. Project cost control include: -
Factors that result in changes to the authorized cost baseline are influenced.
To ensure all change request are managed in timely manner.
To ensure the cost expenditure is less than authorized funding.
Monitoring cost performance
Monitoring work performance
Expected cost overrun are kept in acceptable limits.
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Based on the values EV=$10,000, SPI=1.1, and AC=$12,000, which
best describes the current status of the...
Activity PV (in $) EV (in $) AC A 9,200 10,000 9,700 B 23,000 20,000 18,000...
Activity PV (in $) EV (in $) AC A 9,200 10,000 9,700 B 23,000 20,000 18,000 C 12,000 13,000 11,000 D 8,000 10,000 12,000 E 10,000 12,000 13,000 F 7,000 9,000 10,000 G 8,000 9,000 10,000 A project to develop a country park has an actual cost in month 17 of $350,000, a planned cost of $475,000, and a value completed of $300,000. Find the cost and schedule variances, and CPI and SPI. What meaning do you derive from the...
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...
Your project has a CPI of 0.85 and a SPI of 0.95. Which of the following...
Your project has a CPI of 0.85 and a SPI of 0.95. Which of the following statements is TRUE? a. Your project is behind schedule and project costs are over the planned costs b. Your project is ahead of schedule and project costs are over the planned costs c. Your project is behind schedule and project costs are under the planned costs d. Your project is ahead of schedule and project costs are under the planned costs
Canyouhelpme with this questionYou are managing a project to expand a major county road in your...
Canyouhelpme with this questionYou are managing a project to expand a major county road in your area. The project is expected to take 1 year and the expenses are budgeted to be $12,500 per month. Six months after the project started, you find out that the project is 50% complete, and that you have spent $70,000. Fill in the information in the table below: Item Value BAC PV EV AC CV = EV-AC SV = EV – PV CPI =...
Question 2 If cumulative PV 100, cumulative EV 98 and cumulative AC 104, the project is likely to be: Item EV 10,000 7,000 8,000 5,000 PV 10,000 9,000 8,000 7,000 AC 1,000 8,000 8,000 7,000 Which ite...
Question 2 If cumulative PV 100, cumulative EV 98 and cumulative AC 104, the project is likely to be: Item EV 10,000 7,000 8,000 5,000 PV 10,000 9,000 8,000 7,000 AC 1,000 8,000 8,000 7,000 Which item has the LOWEST SPI? Item 1 Item 4 Item 2. Item 3
Question 2 If cumulative PV 100, cumulative EV 98 and cumulative AC 104, the project is likely to be: Item EV 10,000 7,000 8,000 5,000 PV 10,000 9,000 8,000 7,000 AC...
Remaining Time: 57 minutes, 05 seconds Less than half of the team Question Comeletion Status Question...
Remaining Time: 57 minutes, 05 seconds Less than half of the team Question Comeletion Status Question 10 Save A You have a project to be completed in 12 months. The budget for the project is 100.000 USD. Six months have passed, and 60.000 USD has been spent. On closer review, you find that only 40% of the work has become to date. Based on these figures, answer the following questions to receive full grade you must show your work 1....
to chapter 1. Given the following information for a one-year project, answer the following questions. Recall...
to chapter 1. Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b. How is the project doing? Is it ahead...
Using the below information answer only part e bolded. Given the following information for a one-year...
Using the below information answer only part e bolded. Given the following information for a one-year project, answer the following questions. Note that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a.What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? (CV) is -$5,000 (SV)...
The SPI, which can be used to estimate project completion date, is calculated by? A. EV/PV...
The SPI, which can be used to estimate project completion date, is calculated by? A. EV/PV B. EV/AC C. BAC-ETC D. Budget - Cost
2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate....
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...
Question 2 If cumulative PV 100, cumulative EV 98 and cumulative AC 104, the project is likely to be: Item EV 10,000 7,000 8,000 5,000 PV 10,000 9,000 8,000 7,000 AC 1,000 8,000 8,000 7,000 Which item has the LOWEST SPI? Item 1 Item 4 Item 2. Item 3
Question 2 If cumulative PV 100, cumulative EV 98 and cumulative AC 104, the project is likely to be: Item EV 10,000 7,000 8,000 5,000 PV 10,000 9,000 8,000 7,000 AC...
Remaining Time: 57 minutes, 05 seconds Less than half of the team Question Comeletion Status Question 10 Save A You have a project to be completed in 12 months. The budget for the project is 100.000 USD. Six months have passed, and 60.000 USD has been spent. On closer review, you find that only 40% of the work has become to date. Based on these figures, answer the following questions to receive full grade you must show your work 1....
to chapter 1. Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b. How is the project doing? Is it ahead...
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...
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