Please help me experts to solve this problem.Thank you. Consider the following information pertaining to projection Z.Project tasksRequirement gatheringArchitecture designCircuit designPackage designTestingDuration1 month1 month1 month2 monthsBudget$20,000$20,000$30,000$60,000$20,0001 monthThe status of the project at the end of month 5 is as follows.TasksStatusRequirement gatheringArchitecture designCircuit designPackage designTestingCompleted. Spent $22,000.Completed. Spent $19,500.Completed. Spent $30,500.75% complete. Spent $48,000 to date.Not started yet.i)Calculate the following for this project.1. Cost variance2. Schedule variance3. Cost performance index4. Schedule performance indexii) Determine if the project is ahead/behind schedule and if it is over/under budget.iii) Determine what the project will most likely costs at completion?

Earned value analysis is a concept that helps in managing the project effectively and efficiently.…

Calculate the following for this project. 1. Cost variance 2. Schedule variance 3. Cost performance index 4. Schedule performance index ii) Determine if the project is ahead/behind schedule and if it is over/under budget. iii) Determine what the project will most likely costs at completion?

Calculate the following for this project. 1. Cost variance 2. Schedule variance 3. Cost performance index 4. Schedule performance index ii) Determine if the project is ahead/behind schedule and if it is over/under budget. iii) Determine what the project will most likely costs at completion?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Please help me experts to solve this problem. Thank you.

Consider the following information pertaining to projection Z.
Project tasks
Requirement gathering
Architecture design
Circuit design
Package design
Testing
Duration
1 month
1 month
1 month
2 months
Budget
$20,000
$20,000
$30,000
$60,000
$20,000
1 month
The status of the project at the end of month 5 is as follows.
Tasks
Status
Requirement gathering
Architecture design
Circuit design
Package design
Testing
Completed. Spent $22,000.
Completed. Spent $19,500.
Completed. Spent $30,500.
75% complete. Spent $48,000 to date.
Not started yet.
i)
Calculate the following for this project.
1. Cost variance
2. Schedule variance
3. Cost performance index
4. Schedule performance index
ii) Determine if the project is ahead/behind schedule and if it is over/under budget.
iii) Determine what the project will most likely costs at completion?

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