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A Hospital Management System Development Project has a budgeted cost of Rs. 11,900,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 1,475,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV). Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows? If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project. What actions, You would suggest or take as a Project Manager, to keep the budget and time under control.

A Hospital Management System Development Project has a budgeted cost of Rs. 11,900,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 1,475,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV). Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows? If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project. What actions, You would suggest or take as a Project Manager, to keep the budget and time under control.

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 38P: Friendly Bank is attempting to determine the cost behavior of its small business lending operations....
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A Hospital Management System Development Project has a budgeted cost of Rs. 11,900,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 1,475,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project.

  1. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV).
  2. Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows?
  3. If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project.
  4. What actions, You would suggest or take as a Project Manager, to keep the budget and time under control.
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