Can someone explain the Exercise (The Fence#1), page 244 on Rita's 6th edition PMP book?

Submitted by dohaboy79 on Thu, 07/15/2010 - 18:17

 Folks,


Can someone explain the Exercise (The Fence#1), page 244 on Rita's 6th edition PMP book? It is in the Cost management Chapter. I really don't understand how to analyse the info given in the table.


Any explanations will be appreciated.


 Here are snapshots of the exersice:


http://img104.herosh.com/2010/07/16/914701512.jpg


http://img101.herosh.com/2010/07/16/409446397.jpg


http://img104.herosh.com/2010/07/16/979309575.jpg

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ChandraR

Thu, 07/15/2010 - 20:02

You are limiting yourself to help from people who have Rita's book/ access to it.   You get  more help if you re-state the problem in your own words


Chandra

dohaboy79

Fri, 07/16/2010 - 11:38

Hi Chandra,


I really appreciate your noticed assistance and contribution in PMzilla. I have amended and added snapshots for the exercise.


Thanks,

ChandraR

Sun, 07/18/2010 - 12:58

@Dohaboy79:
Planned Value of the 4-sided Fence Project (PV) = 4 x $1000 = $4000.00
Earned Value at the end of Day 3 (EV) = Work accomplished in $ till then = 2.5 sides completed = 2.5*$1000= $2500.00
Actual Cost (AC) = Cost incurred till then = $1000(day1)+ $1200(Day2)+$600(Day3) = $2800.00
Schedule Performance Index(SPI)=Work Accomplished/Planned Value= EV/PV=2500/4000 =0.625 (<1 means lagging behind schedule)
Cost Performance Index(CPI)=Work Accomplished/Costs Incurred=EV/AC=2500/2800=0.8928 (<1 means over the budget)
Cost Variance (CV)=Work Accomplished-Costs incurred=EV-AC=$2500-$2800=-$300.00
Schedule Variance(SV)=Work Accomplished in 3 days-Planned Value for 3 days=EV-PV=$2500-$3000=-$500.00
I hope you now got the idea of how to approach

Chandra

dohaboy79

Sun, 07/18/2010 - 16:03

thanks, im not 100%.


The info table is what causing me a problem, I hope not to get these kind of tables. Otherwise the calculations are straight forward.

NOlivia

Sat, 02/11/2012 - 05:01

Can someone please assist me on understanding this Excercise in Chapter 7. I hae looked though this book for the formulas for PV, EV, AC and I can not find anything. Mayble I'm overlooking. Also how am I supposed to figure out  the fiugres that I supposed to plug in the formulas. Someone please help!!!!!!!

techprovider

Sun, 02/12/2012 - 12:32

Can you post here the problem? as i dont have with me the book.

 

PMP Practice EXam -- try it free >> http://www.pmptrend.com/pmp_exam_web_sampler.htm

redarrow (not verified)

Tue, 03/06/2012 - 13:20

the link to the free pmp practice exam is broken.

i got access to the same site through this link.

http://www.pmptrend.com/index.php/en/pmp/pmp-exam-simulator-web-samplers

nuvugepygy

Tue, 06/26/2018 - 05:52

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