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But at the latest status meeting, the team only reported that% of the work has actually been completed. The team has spent $, so far on the project. How would you BEST describe this project? A. The project is ahead of schedule and over its budget B. The project is behind schedule and within its budget C. The project is ahead of schedule and within its budget D. The project is behind schedule and over its budget
Answer: BExplanation: If you want to evaluate how the project is doing with respect to the schedule and budget, you need to calculate CPI and SPI. The first step is to write down the information you have so far: BAC = $450,000, planned % complete = 45%, actual % complete = 40% and AC = $165,000. Now you can calculate PV = BAC x planned % complete = $450,000 x 45% = $202,500. And you can calculate EV = BAC x actual % complete = $450,000 x 40% = $180,000. Now you have the information you need to calculate CPI and SPI. CPI = EV / AC = $180,000 / $165,000 = 1.09, which is above 1.0 - so your project is within its budget. And you can calculate SPI = EV / PV = $180,000 / $202,500 = .89, which is below 1.0 - so your project is behind schedule.
B the Project is behind schedue and within its budget.
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Agreed with the answer Mohammed Farouk
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