Question
A project budget calls for the following expenditures: Task, Date, and Budgeted Amount are given below: Build forms, April 1, $10,000 Pour foundation, April 1,
A project budget calls for the following expenditures:
Task, Date, and Budgeted Amount are given below:
Build forms, April 1, $10,000
Pour foundation, April 1, $50,000, and May 1 $100,000 (2 dates)
Frame walls, May 1, $30,000, and June 1, $30,000 (2 dates)
Remaining tasks, July 1 and beyond, $500,000
Define each term in your own words, calculate these values for the above project, and show your work:
a. Budgeted cost baseline (make a graph illustrating this one)
b) Budget at completion (BAC)
c) Planned value (PV) as of May 1
d) Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
e) SV as of May 1.
f) Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
g) Schedule performance index (SPI)
h) Cost performance index (CPI)
i) Estimate to complete (ETC), assuming that the previous cost variances will not affectfuture costs
j) Estimate at completion (EAC)
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