Question
Earned-value analysis. A project budget calls for the following expenditures: Task Date Budgeted Amount Build forms April 1 $10,000 Pour foundation April 1 $50,000 May
Earned-value analysis. A project budget calls for the following expenditures:
Task | Date | Budgeted Amount |
Build forms | April 1 | $10,000 |
Pour foundation | April 1 | $50,000 |
May 1 | $100,000 | |
Frame walls | May 1 | $30,000 |
June 1 | $30,000 | |
Remaining tasks | July 1 and beyond | $500,000 |
Define each term in your own words, calculate these values for the above project, and show your work:
- SV as of May 1.
- Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
- Schedule performance index (SPI) & Cost performance index (CPI)
- Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs &Estimate at completion (EAC)--------
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Additional Info:
This is a direct question from Chapter 12: Budget Planning, https://opentextbc.ca/projectmanagement/back-matter/appendix-2-chapter-questions/, I have calculated below: Budgeted cost baseline (make a graph illustrating this one) Budget at completion (BAC) Planned value (PV) as of May 1 Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule. Need answers for : SV as of May 1. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1. Schedule performance index (SPI) Cost performance index (CPI) Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
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