Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Actual Cost (AC) Earned Value (EV) Cost Variance (CV) Estimated time to complete Rate of Performance (RP) Estimate at Completion (EAC) Cost Performance Index (CPI)

Actual Cost (AC) Earned Value (EV) Cost Variance (CV) Estimated time to complete Rate of Performance (RP) Estimate at Completion (EAC) Cost Performance Index (CPI) Schedule Variance (SV) Budget at Completion (BAC) 


1. Total cost of the project 


2. Total direct & indirect costs incurred in completing work on an activity during given period 


3. Estimated value of work actually completed. 


4. Percentage of actual work completed divided by percentage of work planned to be completed 


5. The percentage that the project is over or under budget, or if it's exactly on budget. 


6. The expected total cost required to finish project work (BAC/CPI) 


7. The total time expected to complete the project work (original time estimate / SPI) 


8. The dollar value that the project is over or under budget 


9. The amount of time that the project is ahead or behind schedule

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Total cost of the project Budget at Completion BAC This represents the planned total cost of completing the project 2 Total direct indirect costs in... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Project Management

Authors: Kathy Schwalbe

6th Edition

978-111122175, 1133172393, 9780324786927, 1111221758, 9781133172390, 324786921, 978-1133153726

More Books

Students also viewed these Accounting questions

Question

How does visua lization w ork? (p. 2 80)

Answered: 1 week ago

Question

Given find the value of k. es 1 e kx dx = 1 4'

Answered: 1 week ago

Question

What is self-confidence? How is it related to expectations?

Answered: 1 week ago

Question

describe the latest research on and theory of goal setting,

Answered: 1 week ago