Do questions 1-5 and type your answers under the question.
1. Explain the difference between Planned Value and Earned Value as it related to a cost loaded schedule.
2. Define what an SPI of 1.05 means? Is it acceptable?
3. A project manager reviews the schedule, cost reports and daily reports for progress. She notices that progress is at a Productivity rate of 0.96, with costs for the planned value of the work at 117%. This is the second reporting period in which these factors; Productivity rate less than 1.0 and costs greater than 100%. Explain what she sees in the data and what can be expected going forward if no action is taken.
4. What is a constraint? Provide some examples of typical constraints.
5. Select one (1) of the methods for calculating performance in order to determine Earned Value and explain it.
