Question
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
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)
b) Planned Value (PV)
c) Actual Cost (AC)
d) Earned Value (EV)
e) Cost Variance (CV)
f) Schedule Variance (SV)
g) Schedule Performance Index (SPI)
h) Cost Performance Index (CPI)
i) Estimated at Completion (EAC)
j) Estimated Time to compete
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:
k) The project is considered behind the schedule, is ahead of schedule, or is as per schedule.
Because SV isAnswer negative or positive andAnswerSPI<1 spi>1 SPI=1 , the project isAnswerbehind the schedule ahead of schedule as per schedule
l) The project is considered over-budgeted, is under-budgeted, or is as budgeted.
Because CV isAnswer negative or positive andAnswerCPI<1 cpi>1 CPI=1 , the project isAnswerover-budgeted under-budgeted as budgeted
Please answer all parts of the question.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started