Project status help question a and b You bid the program with a budget of $24 mi
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Project status help question a and b
You bid the program with a budget of $24 million (BAC S24 million) with a $2 million management reserve to be completed in 12 months. Although we know the expenditures will not be linear, let's assume a straight-line relationship between time and budget for this exercise. At month 5 we find we should be at $10 million (BCWS) (straight-line plan of $2 million spent each month * 5 months), we have completed enough work to justify an expenditure of $8 million (BCWP) and our actual costs accrued to date are S6 million. (ACWP) Outline what you believe the current status of the project is and interpret what the projections mean to you. complete? Outline what you believe the action plan should be to bring Project on-schedule, on-budget and meet the customer requirements. a. Using only this cost data, how can you project time to b.Explanation / Answer
Project status help question a and b
You bid the program with a budget of $24 million (BAC S24 million) with a $2 million management reserve to be completed in 12 months. Although we know the expenditures will not be linear, let's assume a straight-line relationship between time and budget for this exercise. At month 5 we find we should be at $10 million (BCWS) (straight-line plan of $2 million spent each month * 5 months), we have completed enough work to justify an expenditure of $8 million (BCWP) and our actual costs accrued to date are S6 million. (ACWP) Outline what you believe the current status of the project is and interpret what the projections mean to you. complete? Outline what you believe the action plan should be to bring Project on-schedule, on-budget and meet the customer requirements. a. Using only this cost data, how can you project time to b.Related Questions
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