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Exercise 2 Your project is required toinstall lighting fixturesin a200-roomhotel. You havetoinstall5 lightingfixtures ineach room. Your project'sapproved budgetis $500,000 and theapproved schedule is14weeks. After8

Exercise 2

Your project is required to install lighting fixtures in a 200-room hotel. You have to install 5 lighting fixtures in each room. Your project's approved budget is $500,000 and the approved schedule is 14 weeks.

 

After 8 weeks, you have 110 of the rooms completed and you have spent $250,000.

Determine the value for each of the terms below:

Baseline Information

Value

Total rooms to install lighting

 

Rooms completed

 

Total project duration (weeks)

 

Duration Elapsed Current
(how many weeks into the project so far)

 

Percentage completion (110/200) rooms complete

 

 

 

 

Calculate Current Project Status

Value

Explanation

Budget At Completion 

 

 

Planned Value 

 

 

Earned Value

 

 

Actual Cost

 

 

Cost Variance (EV - AC) 

Explain Are we over/under budget?

 

 

Schedule Variance (EV - PV)

Explain Are we ahead/behind schedule

 

 

Cost Performance Index (EV/AC)

How efficiently are we using money?

 

 

Estimate At Completion (BAC/CPI)

Will project be over/under budget at completion?

 

 

please try to send it back filled out in same formate or Cleary where it should go thank you ( Also if it helps you can fill it right in the blank spots

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