Use the following project status information to calculate each of the requested EVM numbers below. The project status is reported at the end of week 13.
5. Cost performance index:
6. Schedule performance index
7. Budget at completion
8. Estimate to complete
9. Estimate at completion
Homework Answers
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The project Status is as follows:
|
Task |
Budget Cost (BAC) |
Budget Duration |
% complete |
Actual cost (AC) |
Planned Value (PV) (PV = BAC only if task is started) |
Earned value (EV) = % complete x PV |
|
A |
$5,000 |
2 |
100% |
$5,000 |
$5,000 |
$5,000 |
|
B |
$8,500 |
3 |
100% |
$9,000 |
$8,500 |
$8,500 |
|
C |
$15,000 |
4 |
75% |
$14,000 |
$15,000 |
$11,250 |
|
D |
$10,000 |
4 |
50% |
$9,000 |
$10,000 |
$5,000 |
|
E |
$12,000 |
4 |
Not Started |
-- |
-- |
-- |
|
F |
$15,000 |
5 |
Not Started |
-- |
-- |
-- |
|
Total |
$65,500 |
$37,000 |
$38,500 |
$29,750 |
The Earned Value method calculation are as follows:
|
Parameters |
Abbreviations |
Value |
|
Earned Value |
EV |
$29,750 |
|
Planned Value |
PV |
$38,500 |
|
Actual Cost |
AC |
$37,000 |
|
Cost Variance |
CV = EV - AC |
29750-38500 = -$7,250 |
|
Schedule Variance |
SV = EV - PV |
-$8,750.00 |
|
Cost Performance Index |
CPI = EV / AC |
29750 / 38500 = 0.8041 |
|
Schedule Performance Index |
SPI = EV / PV |
0.7727 |
|
Budget at Completion |
BAC |
$65,500 |
|
Estimate to Complete |
ETC = (BAC - EV) / CPI |
$44,462.18 |
|
Estimate at Completion |
AC + ETC |
$81,462.18 |
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