Use the following project status information to calculate each of the requested EVM numbers below. Duration Budget Task Cost ($) Status (weeks) 100% complete, at cost of 400 100% complete, at cost of 800 100% complete, at cost of 1400 50% complete, at cost of 900 50% complete, at cost of 1100 400 800 1 1500 D 1000 2 E 1200 3
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
![Use the following project status information to calculate each of the requested EVM
numbers below.
Budget
Task
Cost ($) (weeks)
Duration
Status
400
100% complete, at cost of 400
100% complete, at cost of 800
100% complete, at cost of 1400
A
1
800
1
1500
2
1000
E
50% complete, at cost of 900
50% complete, at cost of 1100
Not started
1200
3
F
1500
2
Please just type the numbers without labels, dollar signs, commas, etc.
1) PV = [Blank#1]
2) AC = [Blank#2]
3) EV = [Blank#3]
4) CV = [Blank#4]
5) CPI = [Blank#5] (give 3 decimal places for CP)
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