Earned value analysis is the project management tool that is used to measure project progress.You are a project manager in company XYZ that responsible to handling the packaging machineproject with the total cost budgeting is RM100,000. There are including RM24,000 (Design),RM60,000 (build) and RM16,000 (install & test). The information regarding on the projectprogress development in weeks 8 as shown in Table 2 below:NoTypeCumulative Budgeted Cost (CBC)2 Cumulative Actual Cost (CAC)Cumulative Earned Value (CEV)13TOTALRMi.ii.iii.iv.64,00068,00054,000100,000Percentage64.0Cost performance Index (CPI) [hint: CEV/CAC]Cost variance (VC) [hint: CEV-CAC]68.054.0a) Based on question 2(a), calculate and elaborate the various of indicators of costperformance for this project based on the respective below:100.0Forecasted cost of completion (FCAC) with action taken [hint: TBC/CPI]Forecasted cost of completion (FCAC) without any action taken[hint: CAC + [TBC-CEV]

Total Budgeted Cost = TBC = RM100,000 Cumulative budgeted Cost = CBC = RM64,000 Cumulative Actual…

Answered: Earned value analysis is the project…

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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