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Given the following information for a one-year project, answer the following questions. Assume you have actual and earned value data at the end of the second month. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion.
PV = $23,000
EV = $20,000
AC = $25,000
BAC = $120,000
a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
b. How is the project progressing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
c. Use the CPI to calculate the estimate at completion (EAC) for this project.
d. Use the SPI to estimate how long it will take to finish this project.
e. Sketch the earned value chart for this project, using Figure 7-4 as a guide. Assume the data for month 1 is half of the values given for PV, EV, and AC at the end of month 2.

You are part of a team in charge of a project to help people in your company (500 people) lose weight. This project is part of a competition, and the top “losers” will be featured in a popular television show. Assume that you have six months to complete the project and a budget of $10,000. You are halfway through the project, and morale is very low. People are also complaining about a lack of communication and support on the project. Although many people have been participating and have lost weight, many have plateaued or started gaining weight back. Create an issue log to document these and related issues. Also create a new entry for the risk register for this project. Document your responses in a two-to three-page paper or a 15- minute presentation.
You are part of a team in charge of a project to help people in your company (500 people) lose weight. This project is part of a competition, and the top “losers” will be featured in a popular television show. Assume that you had six months to complete the project and a budget of $10,000. The project will end in one week, so you and your team are busy closing out the project. Prepare a lessons-learned report for the project, using information from your responses to this exercise in previous chapters as well as your creativity to determine what the final outcome was for the project.
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