Transcription of EARNED VALUE MANAGEMENT REVIEW EXERCISE SOLVED - …
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EARNED VALUE MANAGEMENT REVIEW EXERCISE SOLVED - …
1 EARNED VALUE MANAGEMENT REVIEW EXERCISE SOLVED DESCRIPTION This document summarizes the answers to the EXERCISE so that students can evaluate their work by comparing their answers to the ones in this document. QUESTIONS AND ANSWERS In order to do an EV analysis, we need to determine the project status at the end of the second trimester: PV = $2,360,000 AC = $2,285,000 EV = $2,340,000 1. How likely is it that the project will finish on time? In order to evaluate the project schedule performance we can calculate the SV: SV = EV PV = $2,340,000 $2,360,000 = -$20,000, which reflects that the project is delayed. We can further analyze the delay by calculating that the SPI = Given the fact that the project is still in its early stages (second trimester out of 11) and that the schedule deviation is minimal, if appropriate measures are taken, the project might be finished on time.
1 EARNED VALUE MANAGEMENT REVIEW EXERCISE SOLVED DESCRIPTION This document summarizes the answers to the exercise so that students can evaluate
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