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Consider the following summary interim cost reports of a project, say in week 1 0 . Assume that A , B , C and D
Consider the following summary interim cost reports of a project, say in week Assume that A B C and D are the only work packages in the project.
Hint: One of the columns gives you PV directly. There is no need to separately calculate it
a Calculate the EV CV and SV for each activity. What is your assessment of the progress of each activity? Points
b Calculate the EV CV SV CPI and SPI for the project, and the critical ratio CR What is your assessment of the entire project so far based on these calculations? Points
c There are several formulae available for calculation of the Estimated remaining cost to completion ETC Once you have ETC, you can calculate
Projected total cost estimated at completion EAC as ETC AC
Consider the following two versions for calculating ETC.
Method I: ETC Budgeted cost of all remaining work CPI
ie ETC BAC EV CPI where BAC is Budget at completion.
EAC ETC AC
Method II:
ETC Budgeted Cost for all remaining work
EAC ETC AC
Calculate the Projected total cost estimated at completion EAC for the project using the two methods. Do the EACs under the two methods differ? Why or Why not? Points
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