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Question:
(a) Earned Value Management is a systematic approach to the integration and measurement of cost, schedule, and technical accomplishments in a project. List the benefits associated with this method.
(b) PK Motors Ltd embarked on a pilot project to produce 2000 units of a new model vehicle. The total cost of production is estimated at $27m and the project should be completed in 30 weeks. The rate of project progress is expected to be uniform and linear. At the end of week 18, the actual cost of work performed (ACWP) amounted to $17.1m and the number of cars produced was 600 units. As a project manager, you are requested to report the project status. Your answer should focus on the following:
(i) A graphical presentation of the project status(ii) Cost Variance (CV) (iii) Schedule Variance (SV) (iv) Cost Performance Index (CPI) (v) Schedule Performance Index (SPI) (vi) Estimate To Complete (ETC) (vii) Estimate At Completion (EAC) (viii) Estimated time to complete
Consider the results of the Earned Value Analysis and briefly state whether the project is ahead or behind schedule and whether it is over or under budget.
C ontrol charts Control charts are tools used for monitoring, controlling and improving processes over time. These are applicable to administrative processes.
Written Assessment Assessment Title Essay Task Description Task Your task is to consider the contents of:- SEBoK Kerzner">http://www.sebokwiki.org Kerzner (2013) AS/NZS 1
Non-political, not-for-profit, cause-orientated organisations drawn from more than one country are known as Non-governmental organisations (NGOs).
HyperAV is a Manchester based company which is a retailer of home cinema equipment. They sell a variety of products including speakers, amplifiers, Blu-ray/DVD players and cables.
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Question: (a) What are the checks/actions to be carried out in a project monitoring meeting? (b) What is the rationale behind the concept of "earned value" in project moni
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Advantages of FMS Flexible manufacturing systems are regarded as one of the most efficient methods to employ in reducing or eliminating problems in manufacturing industrie
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