Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After 3 months, the progress of a project is reported as follows: Planned Completed Work 20% Actual Completed Work 10% Budget Spent so far 300,000

After 3 months, the progress of a project is reported as follows:

Planned Completed Work

20%

Actual Completed Work

10%

Budget Spent so far

300,000

Total Budget

1,000,000

Please answer the following questions (a to m) and please show your work to get full credit.

a. What is the Budget at Completion (BAC)?

b. What is the Earned Value (EV)?

c. What is the Planned Value (PV)?

d. What is the Actual Cost (AC)?

e. What is the Cost Variance (CV)?

f. What is the Schedule Variance (SV)?

g. What is the Cost Performance Index (CPI)?

h. What is the Schedule Performance Index (SPI)?

i. What is the Estimation at Completion (EAC)?

j. What is the Estimation to Completion (ETC)?

k. What is Remaining Work based on BAC?

l. What is remaining Funds based on BAC?

m. What is the To-Complete Performance Index to meet the current EAC?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Motivated

Authors: For Goodness Sake Network

1st Edition

B0CNMLYFJ3

More Books

Students also viewed these General Management questions

Question

LO12.5 Discuss the economic effects of monopoly.

Answered: 1 week ago

Question

LO12.1 List the characteristics of pure monopoly.

Answered: 1 week ago