What is the schedule variance

Assignment Help Project Management

Reference no: EM133016184

Project Data

Consider the following project data:

Activity or Milestone	Predecessor(s)	Duration (Weeks)	Cost ($)
Start	-	0	0
A	Start	2	4000
B	Start	4	8000
C	Start	3	6000
D	A,B	3	6000
M	C,D	0	0
E	M	1	2000
F	E,H	2	4000
G	F,I	4	8000
H	M	2	4000
I	H	3	6000
J	H	2	4000
End	G,J	0	0

- What activities and milestones make up the critical path? ( longest path )
- How long is the critical path? ( longest path and add )
- Which activity has the largest float (slack)?
- At the end of week 8, the project status is:

Activity	Status	Expense to Date ($)
A	Completed	4000
B	Completed	10000
C	Completed	6000
D	Completed	6000
E	Completed	1000
F	Started	1000
G	Not started	0
H	Not started	0
I	Not started	0
J	Not started	0

Answer the following questions, using the 50/50 method (half of the activity cost is "earned" when its work has begun and the other half when it completes) to determine project measures. Note that the progress here-as it often is in real life-is not necessarily consistent with the plan.
- What is the Planned Value (Budgeted Cost of Work Scheduled) for the end of week 8?
- What is the Earned Value (Budgeted Cost of Work Performed)?
- What is the Actual Cost (Actual Cost of Work Performed)?
- What is the Cost Variance?
- What is the Schedule Variance?
- How is this project doing?

Reference no: EM133016184

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