Question related to project variances-earned value analysis

Assignment Help Project Management
Reference no: EM1343634

Question about Project Variances-earned Value Analysis

A project has just completed the 87th item in its action plan. It was scheduled to have spent $168,000 at this point in the plan, but has actually spent only $156,000. The foreman estimates that the value of the work actually finished is about $162,000. What are the spending and schedule variances for the project? What are the SPI and CPI?

Reference no: EM1343634

Questions Cloud

Explain a work-related situation you feel could be improved : Project management - Explain a work-related situation you feel could be improved
Develop a cost estimation for a project : Information Systems Questions - What elements need to be considered in developing a cost estimation for a project?
Project management- classification of tasks : Project Management- classification of tasks - To organize such a project what kinds of tasks will you closely monitor so that the project does not slip.
Explain what are the spi and cpi : What are the cost and schedule variances for the project and What are the SPI and CPI?
Question related to project variances-earned value analysis : Explain what are the spending and schedule variances for the project? What are the SPI and CPI?
Operations management - production facility location : Where would you locate a clothing manufacturer that makes light-weight jackets out of cotton and what factors would influence your decision on where to locate that facility?
Chances of risk events : Explain what is the significance of this phenomenon to a project manager
Resist changes to the project baseline : Resist changes to the project baseline - Why is it important for project managers to resist changes to the project baseline
Question related to expediting a project : Project Manager in the middle of a project and find that one of your project resources is unavailable, what can you do to keep your project one course?

Reviews

Write a Review

Project Management Questions & Answers

  Feel is the proper length of time for a project

How have the projects you have been involved in been concluded and what do you feel is the proper length of time for a project?

  Benefits to the project lifecycle

Discuss the benefits to the project lifecycle by commencing the planning proccess at the concept and design stages of a construction project.

  Form of business organization

What form of business organization would you choose for this venture, and why? Outline the advantages and disadvantages of each of the three major types of business in this particular context.

  Work breakdown structure to accomplish process

How can the work breakdown structure be used to accomplish each of the above steps?

  Describe the term group after discussion

Describe the term group after discussion with your fellow team members and avoid repeating a dictionary definition

  What items need to be addressed in defining the scope

The project scope describes what will be delivered as part of the project, and in some ways, it can be likened to the term vision.

  Describing a project with initial cash outlay

The information below describes a project with an initial cash outlay of $10,000 and a required return of 12%.

  Specifying performance criteria for the project

Project Performance: List the desired outputs from the project. Specify the performance criteria for the project.

  Drawing the activity-on-node project network

Draw the activity-on-node (AON) project network associated with the following activities for Dave Carhart's consulting company project.

  Project managers to resist changes to the project baseline

Why is it important for project managers to resist changes to the project baseline and under what conditions would a project manager make changes to a baseline?

  Analyze a firms commitment to quality

Analyze a firm's commitment to quality and well-organized and well-developed

  Analyzing the budget and actual costs

An inexperienced project manager analyzed the budget vs. actual costs and found that project spending was 10% under budget and was overjoyed at such "good news."

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd