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Description A small project was planned to be completed in 40 weeks, with a budget of $360,000, phased equally over the 40 weeks ($9,000
Description A small project was planned to be completed in 40 weeks, with a budget of $360,000, phased equally over the 40 weeks ($9,000 per week), with 2.5% of the work to be completed each week. At the end of the first 6 weeks, the project was 12% completed. The following is additional information related to this project: Planned value (PV): Actual cost (AC): Budget at Completion (BAC) $9.000 (each week) $60,000 (at the end of the first 6 weeks) $360,000 (for the whole project) Original Time Estimate (OTE): 40 weeks (for the whole project) Required--Compute and answer the following (show all your calculations): a) Rate of performance (RP): b) Earned value (EV): c) i) Cost variance (CV): ii) Schedule variance (SV): iii) Cost performance index (CPI): iv) Schedule performance index (SPI): d) Estimate at completion (EAC): e) Estimate to complete (ETC) f) Estimated time to complete (ETTC): g) How is work on the project progressing (be specific, indicating the underlined keyword): Is it ahead of schedule or behind schedule? Why do you think so? i) ii) Is it under budget or over budget? Why do you think so? Notes: You must show all your work that supports the answer Identify the answer for each question with its letter code (eg. (a) or(ii)).
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