EVM questions 1. A report from the accounting department shows that the total costs up to today for the project have been 530 000€. Fred is concerned, because the baseline shows that 450 000€ had been planned up until today. The project controller, Stacy, shows him that the work actually done, had been planned to cost 510 000€. The whole project budget is 1 250 000 €. Which of the following is true?Project is behind of scheduleThe project % of completion is 50%CPI is 1.04SPI is 1.132. A 20000€ increase of your budget, from the original 90000€, has been approved by your sponsor. This was due to an acknowledgment that your key vendor has encountered significant cost increases due to a defect in the original plans. This defect has already meant that you have spent 45000€ even though you are only 40% complete. What is your Percent Spent?50%It will depend on the currency used.40%Cannot be defined since the project is not yet over.3. A 20000€ increase of your budget, from the original 90000€, has been approved by your sponsor. This was due to an acknowledgment that your key vendor has encountered significant cost increases due to a defect in the original plans. This defect has already meant that you have spent 45000€ even though you are only 40% complete. What is your TCPI?0.831.21TCPI is not appropriate here.4. Your estimated six month project is now completing its third month. Your total budget (BAC) is 150000€. You have spent 75000€ and completed work estimated to be worth 60000€. Your sponsor seems happy and declares that the project is 50% complete. Is he right?No, the project is only 40% completeActually, the project is under budget!!!Yes. The sponsor is always right!Yes. 750000 is 50% of 1500005. EVM is useful for a project in order to understand its status, and to plan the future.Yes, customer will typically appreciate the overview we can give them about the money we earn from them.No, EVM means too much overhead.Yes, since it evaluates cost and schedule status in one number.Yes, cost status becomes clear and is usable directly in accounting.Time is Up!
