Title: Project Management: Chapter 13 Questions and Exercise 2 from Larson & Gray (2010) Textbook

Contents

1. How does a tracking Gantt chart help communicate project progress?

2. How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?

3. Schedule variance is in dollars and does not directly represent time. Why is it still useful?

Exercise 2

On day 51 a project has an earned of $600, an actual cost of $650, and a planned cost of $560. Compute the SV, CV, and CPI for the project. What is your assessment of the project on day 51?

The questions are from the below textbook: Larson, E., & Gray, C. (2010). Project management: The management process (5th ed.). New York City, NY: McGraw-Hill Education.

Number of words: 312