CR EVM Assignment7 – A life in black and white

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?

The project % of completion is 50%

Project is behind of schedule

CPI is 1.04

SPI is 1.13

2

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?

Cannot be defined since the project is not yet over.

It will depend on the currency used.

40%

50%

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?

1

1.2

0.83

TCPI 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% complete

Yes. 750000 is 50% of 150000

Actually, the project is under budget!!!

5

EVM is useful for a project in order to understand its status, and to plan the future.

No, EVM means too much overhead.

Yes, cost status becomes clear and is usable directly in accounting.

Yes, customer will typically appreciate the overview we can give them about the money we earn from them.

Yes, since it evaluates cost and schedule status in one number.