1A formal CPM analysis for a project shows the planned costs

1.A formal CPM analysis for a project shows the planned costs to date are $75,000, and the accounting department reports charges to the job of $85,000. If the reported earn value to date is $70,000, the cost and schedule status of the project are most nearly Ahead of schedule and over budget Behind schedule and over budget Ahead of schedule and under budget Behind schedule and under budget

2.Which of the following is NOT a benefit of formal schedules? Provides time information Estimate cost Forces detailed thinking Improves communication

Solution

1. The project schedule is behind and also over budget since the cost of the project at the present is worth less than that which is spent on the project.

2. Forces detailed thinking is not a benefit of formal schedules