At some point in the life of a project, the project manager determined the following data...
At some point in the life of a project, the project manager determined the following data on a $1,250,000 authorized budget project: amount of earned value $350,000. At that point, the value of the planned work was $750,000, and actual cost was $750,000.
Using the data provided above, and assuming a linear cost function, the project manager can estimate that actual cost of the project would be closest to (figures rounded to nearest hundred thousand):
- $4,500,000
- $2,700,000
- $2,400,000
- $2,100,000
Homework Answers
Cost Variance = Actual cost - Planned cost = 750000-750000= 0
Performance Index of project =Earned Value/Planned Value = 350000/750000 = 0.47
actual cost of the project = $1,250,000 / 0.47 = $ 2,659,574
which close to option b:$2,700,000
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At some point in the life of a project, the project manager
determined the following data...
At some point in the life of a project, the project manager determined the following data...
At some point in the life of a project, the project manager determined the following data on a $1,250,000 authorized budget project: amount of earned value $350,000. At that point, the value of the planned work was $750,000, and actual cost was $750,000. Based on this information, the Schedule Performance Index for this project was: 0.28 0.47 0.53 0.60
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