Assume we're halfway through a year-long project that has a total budget of 300000 AED. The amount budgeted through this six-month mark is 205000 AED and a total of 190000 AED spent. Calculate the following: a) Budget at Completion (BAC) Budget at Completion (BAC) = Answer AED b) Planned Value (PV) c) Actual Cost (AC) Planned Value (PV) = Answer AED Actual Cost (AC) = Answer d) Earned Value (EV) Earned Value (EV) = Answer e) Cost Variance (CV) Cost Variance (CV) = Answer 205000 f) Schedule Variance (SV) 102500 Answer PV to date * Rate of performance (RP) 300000*(6/12) or 50% Schedule Variance (SV) = Answer EV-AC 102500 EV-PV g) Schedule Performance Index (SPI) Schedule Performance Index (SPI) = Answer EV/PV 205000 h) Cost Performance Index (CPI) Cost Performance Index (CPI) = Answer EV/AC 190000 300000 50% 190000 Answerl = Answer. 102500 102500 Answerl AED Answer 205000 102500 /Answer 205000 Answer /Answer 190000 -87500 AED AED -10250 AED =Answer 0.5 Answerl 0.53 1) Estimated at Completion (EAC) 300000 0.53 Estimated at Completion (EAC) = Answer! / Answer = Answerl BAC/CPI 1) Estimated Time to compete Time to compete = Answer 2/Answer 05 Because SV is Answer behind the schedule Total months * SPI The project manager must determine how well his project team has performed. Is he ahead of schedule or behind schedule, and is the project team over or under budget? Answer the following: positive Because CV is Answer under-budgeted k) The project is considered behind the schedule, is ahead of schedule, or is as per schedule. and Answer positive and Answer Answer SPI 1 Please answer all parts of the question. 568037 1) The project is considered over-budgeted, is under-budgeted, or is as budgeted. Months CPK1 AED , the project is Answer , the project is Answer