Problem
The responses are worth 10 points each. Please review the PMI standard, formulas for PV, EV, AC, SPI, and CPI.
1. There are three central processes that are derived from a portfolio strategic plan. Describe each of them. Why are these processes important to the success of an organizations strategic plan?
2. You are DeVry's PM of a project to develop an Android Bluetooth application. The applications have 4 key features, turning on/off, querying, searching, and pairing. A budget of $180 per feature and a schedule of 1 feature per day. The project should be finished in 4 days for a total of $800.
Now, after Day 3, our progress is as follows:
Day1 Progress: Turning On/Off feature completed, spent $200.
Day2 Progress: Querying started, did not finished, spent $220.
Day3 Progress: Querying finished. 50% of the Searching completed and spent $140.
Calculate the PV, EV, AC, CPI, and SPI.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.