What is the planned value PV of the project?What is the actual cost AC of the project?

Make sure that you have 5 questions:
Question Est. Time Weight Grade Notes
1 15 min. 15 points
2 15 min. 10 points
3 25 min. 15 points
4 25 min. 20 points
5 35 min. 20 points
Total Points: 80 points
Total Estimated Time: 115 minutes
+ 5 minutes to upload your file to the portal
This test is worth 25% of your final course grade.
This test is an open book. You can use your textbook, lecture notes, PC, Mobile, or other communication devices.
⦁ The Project Team.
Fill in the appropriate team development stage:
Forming Norming Storming Performing
1 the project manager fully delegates responsibility and authority.
2 motivation and morale are low in this stage.
3 members frequently collaborate and willingly help each other.
4 involves the transition from individual to a team member.
5 Each team member gets acquainted.
6 members start to apply their skills to work on their assigned tasks, and work begins to progress slowly.
7 positive expectations are the main thoughts of the team
8 members depend on the project manager to provide direction and structure.
9 relationships have become settled.
10 tasks may be more extensive or difficult than anticipated.
11 individuals do a lot of questioning
12 interpersonal conflicts have been resolved.
13 the project team has accepted its operating environment.
14 the project manager still needs to be directive, but less directive than in the forming stage.
15 the team is highly committed and eager to achieve the project objective.
⦁ Risk Management
A company has identified a list of 15 major risks ranked from 1 to 15. 1 is the risk with the most priority. The following table shows the change in risk priority in 2021 and 2022.
The company would like to use the two years of data to start implementing an instrument to measure which risk to start with.
⦁ List the risks based on an instrument of finding the difference between the old and new ranks.
⦁ Select five risks and write a possible plan for each risk.
Risk Response Plan
⦁ Budgeted Cost
⦁ What is the cumulative budgeted cost at the end of week 6?
⦁ a. What is the cumulative actual cost at the end of week 6?
b. Determine whether there is a cost overrun or underrun.
⦁ a. What is the cumulative earned value of the project at the end of week 6? (5 points)
b. Is it good?
⦁ Cost, Budget, and Earned Value
A project is set to be completed in 12 months with an estimated budget cost of $520,000. 6 months have passed, and expenses were $240,000. The completion of work is set to be $270,000
⦁ What is the planned value PV of the project?
⦁ What is the actual cost AC of the project?
⦁ What is the earned value EV of the project?
⦁ Find the SPI and CPI of the project.
⦁ Is the project ahead or behind schedule?
⦁ Is the project under or over budget?
⦁ What is the estimated cost to complete the project?
⦁ Resource Utilizations
⦁ Plot the resource requirements plan sheet for the following network diagram.
⦁ Perform resource-limited scheduling. Assume that you have only three workers available at any given time.

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