Please write the working steps solutions in a Microsoft Word document and show how you get the answer each of the question below 1-13. 1-Y ou have a project worth $400,000. Four months have...

1-Y

ou have a project worth $400,000. Four months have passed and $200,000 has been spent. Upon closer review, you findthat only 30% of the work is completed; however, as per the schedule, 40% of the work should have been completed. Determine the Schedule Performance Index (SPI) and CPI. Comment on the project performance.

Group of answer choices

CPI = 1.6, SPI = 1.75, Under Budget and Ahead of Schedule

CPI = 0.6, SPI = 0.75, Over Budget and Behind Schedule

CPI = 0.8, SPI = 0.85, Over Budget and Behind Schedule

CPI = 0.6, SPI = 0.75, Under Budget and Ahead of Schedule

2- You have a project to be completed in 12 months, and the cost of the project is 220,000 USD. Six months have passed and 100,000 USD has been spent, but on closer review, you find that only 40% of the work has been completed so far. Find the Estimate at Completion (EAC) for this project.

Group of answer choices

$250,000

$150,000

$125,000

$225,000

3- You have a fixed deadline project with a budgeted cost of 600,000 USD. So far you have spent 400,000 USD and the value of the completed work is 375,000 USD. However, as per the schedule, you should have earned 425,000 USD to date. Calculate the Estimate at Completion (EAC).Hint: While computing CPI and SPI, try to retain four decimal places.

Group of answer choices

$455,000

$432,034.82

$ 672,001.93

$632,034.82

4- You are working on a project to be completed in 24 months and the total cost of the project is $220,000. Twelve months have passed and 100,000$has been spent, and 60% of the work has been completed so far. What is the TCPI?

Group of answer choices

0.59

0.73

1.21

1.05

5- You are managing a tunnel boring project in a remote area. You have a choice to either buy or rent a mole (boring machine). If you buy it, you will pay $150,000 lump sum price but also incur $5000 per month for its maintenance. If you rent it, you will pay $10,000 per month and as an additional one-time administration fee of $5000. When would you prefer to buy instead of renting the boring machine?

Group of answer choices

16 months

15 months

29 Months

30 months

6- The table below contains work performance data from a project. Which activity has the best performance considering both schedule and budget?

Group of answer choices

Activity C

Activity A

Activity D

Activity B

7- The ETC for the remaining work =10,000USD

The actual cost spent so far =8000USD

The budget at completion =15,000USD

The variance at completion is:

Group of answer choices

- 2000 USD

- 3000 USD

18000 USD

3000 USD

8- If a project’s actual total cost is $300,000 against a total budget of $400,000 and the project is 70% complete, then what is the cost variance?

Group of answer choices

$ 20,000

- $20,000

$100,000

cannot be determined

9- A project’s approved budget is $250,000 and planned budget to date is $150,000. What will be the schedule variance when the schedule performance index is 0.8?

Group of answer choices

$30,000

-$30,000

-$50,000

$50,000

10- A project had suffered a cost and schedule slippage. Research indicates that the variances on the project thus far are atypical in nature. If the budget is $2200, the earned value is $1400, and the CPI is 0.8, what is the Estimate to Complete?

Group of answer choices

$2200

$800

$1400

$1800

11- You have a project with a budget of 600,000 USD. During the execution phase, an incident happens that costs you a lot of money. However, you are sure that this will not happen again, and you can continue with your calculated performance for the rest of the project. To date you have spent 300,000 USD, and the value of the completed work is 275,000 USD. Calculate the Estimate at Completion (EAC).

Group of answer choices

$625,000

$725,000

$425,000

$525,000

12- You have a project to construct a government’s department building for $600,000. To date you have spent $300,000 and the value of the completed work is $275,000. However, during your project execution, you noticed that your cost estimation was flawed and you need to calculate your budget again for the remaining part of the project. You sit down with your team members and re-estimate the cost of the remaining work. Your new estimate says that it will take $400,000 to complete the remaining part of the project. Calculate the Estimate at Completion (EAC).

Group of answer choices

$800,000

$700,000

$400,000

$500,000

13-

Compute CPI and SPIat the end of12months.All phases are sequential.

Group of answer choices

CPI = 0.5833; SPI = 0.7

CPI =0.4; SPI = 0.7

CPI = 0.6; SPI = 0.6833

CPI = 0.7; SPI = 0.5833