2a. (15 Marks) You are the project manager for a small project involving only four (4) tasks, as shown in Figure 20 . The figure further indicates the planned value

2a.
(15 Marks)
You are the project manager for a small project involving only four (4) tasks, as shown in Figure 20 . The figure further indicates the planned
value costs (PV) assigned for each task and that the actual cost of all work completed for the project is RM45,000 at the end of period X.
Figure 2a
X
Task
PV
Task A
A
18,000
10,000
Task B
20,000
D
40,000
70%
Task C
60%%
70%
Task D
10%
X
The shaded area indicates the proportion of each task completed at the end of period X, while the blank area indicates the respective
proportions that have yet to be completed.
Answer the following:
i. Calculate the following values at the end of period X:
a. Planned Value – PV
(1 Mark)
b. Earned Value – EV
(1 Mark)
C. Actual Value – AC
(1 Mark) ii. is the status of the project in terms of: (a) Schedule? (b) Budget?

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