Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

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Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 3 Days Ago
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 20 Jul 2017 My Price 15.00

i need to paraphrase it depend on the solution 

 

1. On day 51 aproject has an earned value of $600, an actual cost of $650, and a planned costof $560. Compute the SV, CV, and CPI for the project. What is your assessmentof the project on day 51?

Answer:

(AC = 650) - (EV = 600) - (PC = 560)

CV (Cost Variance) = (EV – AC) = (600 – 650) = (-50).

SV (Schedule Variance) = (EV – PV) = (600 – 560) = (40).

CPI (Cost performance index) = (EV ÷ AC) = (600 ÷ 650) = (0.92).

My assessment would be that the project is over budget (asindicated by negative CV). However, since SV is positive, it indicates thatproject is on schedule. A CPI of .92 indicates that the cost of completing theproject is higher than planned which is a bad condition.

Answers

Dr Nick
(4)
Status NEW Posted 20 Jul 2017 01:07 AM My Price 15.00

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