1-You are managing an eight-month project with a BAC of $100K. On Friday afternoon, at the end of the fourth month (half way through the project), your EVM system provides the following values:

BCWP = $50KACWP = $75K

and your boss asks you to present the EAC at the Monday morning status meeting. You have been an attentive project manager and you have been especially pleased that the BCWP has been tracking quite well to the BCWS. Below are listed three possible answers one might provide as the EAC.

For each possible answer, first list any assumption(s) necessary regarding future performance and then provide the rationale which would justify or explain it.

• $100K:
• $125K:
• $150K:

Having done the analysis and considered the explanations for each of these answers, which answer would you be most comfortable presenting to your boss? Why?

2- Explain how "leadership" is different from "management".

3- Associate each EVM value to its source. Except for Cost at Completion, assume the reference is to items sometime midway through a project. [ Choose ] Actuals Only , Estimates & Actuals , Estimates Only

Budget at Completion (BAC)

Actual Cost of Work Performed (ACWP)

Budgeted Cost of Work Scheduled (BCWS)

Estimate at Completion (EAC)

Budgeted Cost of Work Performed (BCWP)

Estimate to Complete (ETC)

Cost at Completion (CAC)