Following are data reporting progress on a project. Work on all tasks contained in the table...

80.2K

Verified Solution

Question

Finance

Following are data reporting progress on a project. Work on alltasks contained in the table is scheduled to be complete as of theday of the report.

Budget

Begun?

Complete?

Actual cost

Earned Value

Task A

3,100

Yes

Yes

3,100

Task B

4,000

Yes

Yes

4,500

Task C

2,500

Yes

Yes

2,250

Task D

4,000

Yes

No

3,500

Task E

3,500

Yes

Yes

4,000

Task F

2,500

No

No

0

  1. Using the 50-50 Rule, what is earned value for thisproject?
  2. Using the 0-100 Rule, what is earned value for thisproject?
  3. Note the discrepancy of earned value figures when using the50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Ruleshould we use? Explain your rationale.
  4. Using the 50-50 Rule earned value computation, what is schedulevariance for the project as reported?
  5. What is the schedule performance index (SPI)?
  6. Using the 50-50 Rule earned value computation, what is the costvariance for the project as reported?
  7. What is the cost performance index (CPI)?
  8. If the total budget for this project is 50,000, use CPI tocompute estimate at complete (EAC).
  9. Using the earned value information garnered from the abovetable, provide your boss a brief status report on project progressto date. Also, provide projections for future status.

Answer & Explanation Solved by verified expert
4.0 Ratings (631 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Following are data reporting progress on a project. Work on alltasks contained in the table is scheduled to be complete as of theday of the report.BudgetBegun?Complete?Actual costEarned ValueTask A3,100YesYes3,100Task B4,000YesYes4,500Task C2,500YesYes2,250Task D4,000YesNo3,500Task E3,500YesYes4,000Task F2,500NoNo0Using the 50-50 Rule, what is earned value for thisproject?Using the 0-100 Rule, what is earned value for thisproject?Note the discrepancy of earned value figures when using the50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Ruleshould we use? Explain your rationale.Using the 50-50 Rule earned value computation, what is schedulevariance for the project as reported?What is the schedule performance index (SPI)?Using the 50-50 Rule earned value computation, what is the costvariance for the project as reported?What is the cost performance index (CPI)?If the total budget for this project is 50,000, use CPI tocompute estimate at complete (EAC).Using the earned value information garnered from the abovetable, provide your boss a brief status report on project progressto date. Also, provide projections for future status.

Other questions asked by students