Reference no: EM132195769
Discussion
Please review the PMI standard, formulas for PV, EV, AC, SPI, and CPI.
#1 There are three central processes that are derived from a portfolio strategic plan. Describe each of them. Why are these processes important to the success of an organizations strategic plan?
#2 You are DeVry's PM of a project to develop an Android Bluetooth application. The applications have 4 key features, turning on/off, querying, searching, and pairing. A budget of $180 per feature and a schedule of 1 feature per day. The project should be finished in 4 days for a total of $800.
Now, after Day 3, our progress is as follows:
Day1 Progress: Turning On/Off feature completed, spent $200.
Day2 Progress: Querying started, did not finished, spent $220.
Day3 Progress: Querying finished. 50% of the Searching completed and spent $140.
Calculate the PV, EV, AC, CPI, and SPI.
#3 Indicate the formulas for each PV, EV, AC, CPI, and SPI.