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There is a senior project manager who asked you to give him your estimation about the status of a project while training you as a junior project manager. The manager gives you the basic information of the project that is:
1. The cost of project was estimated at ten thousand USD ($10,000)
2. He planned that a team can complete the project in 30 days.
3. After 6 days, he got a report that 25% of the project jobs completed.4. The total spend for the project at that time was two thousand USD ($2,000).
5. He said that he planned the completion work load and amount of spend equally for everyday from the beginning to the end of the project.
apply Earned Value Management technique to check the project status. Compute the PV, EV,AC, SV, CV, SPI, CPI, Estimated at Completion (EAC), Estimate of Completion (ETC) of the project.Give some comments to explain for the status (schedule / cost) of your project.
The result should be rounded to 2 digit (E.g. money value = $1414.15 instead of $1414.145161).
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