Final Exam Spring A one year project was budgeted at $1,000,000. Meanwhile, and

Question

Final Exam Spring A one year project was budgeted at $1,000,000. Meanwhile, and after exactly seven months fron start of the project execution, the following current figures have been assessed: PV: $500,000 EV: $450,000 AC: $550,000. 37. What estimate at comple tion can you derive from these figures? a) $1,000,000 b) $1,222,222 c) $1,550,000 d) $550,000 e) None of the above 38. What is the needed time (from now) to complete the project? a) 1.3 months b) 13.3 months c) 6.3 months d) 1 year e) None of the above 39. How is the project is doing based on time (schedule)? a) Project is ahead of schedule b) Project is behind schedule c) Project is over budget d) Project is on schedule e) I cannot estimate based on the information provided 40. How is the project is doing based on cost (budget)? a) Project is ahead of schedule b) Project is under budget c) Project is over budget d) Project is on budget e) I cannot estimate based on the information provided Answer the following question on the following sheet (5 point A Project Manager is performing critical path analysis. The activities, their duration in d Slrotoh tha network diagram: show on the

Explanation / Answer

37.

B

Working note:

EAC = BAC/CPI = 1000000/(450000/550000) = $1222222

38.

C

Working note:

SPI = EV/PV = 450000/500000 = .9

Estimated Time to complete = 12/.9 = 13.33 months

So, expected time to complete = 13.33 – 7 = 6.33 month

39.

B

Project is behind the schedule, as it is expected to take 13.33 months against the original time of 12 months.

40.

C

Project is over budget, because it requires $1222222 in comparison to the BAC of $1000000 only.

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