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consider a project consisting of four work packages. The table below presents the summary of performance data. Answer the following questions based the data presented
consider a project consisting of four work packages. The table below presents the summary of performance data. Answer the following questions based the data presented in the table
- Calculate the cost and schedule variances for each work activity.
- Which work activity is the most over budget and behind schedule? Support your answer with figures.
- Determine estimate at completion (EAC) for work activity A?
- Determine estimate to complete (ETC) for work activity C.
- Assume that work activity A was originally scheduled to be finalized within 10 months. Determine estimated completion time (ECT).
Work activity | Planned Value (PV) | Actual Cost (AC) | Percentage completed |
A | 6,000,000 Birr | 5,200,000 Birr | 75% |
B | 5,800,000 | 6,000,000 | 100% |
C | 7,200,000 | 7,200,000 | 90% |
D | 5,200,000 | 5,200,000 | 100% |
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