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Given the following for a 12 month project, answer the questions that follow. (Total - 10 points) Planned Value (PV) = $50,000 Rate of Performance
Given the following for a 12 month project, answer the questions that follow. (Total - 10 points)
Planned Value (PV) = $50,000 Rate of Performance (RP) = 80% Actual Cost (AC) = $48,000 Budget at Completion (BAC) = $500,000 Estimated Time to Complete the project is 12 months.
- What is the cost variance (CV), schedule variance (SV) , cost performance index (CPI) and schedule performance index (SPI) of the project.? (5 points)
- How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain your answers. (2)
- Calculate the estimate at completion (EAC) for the project based on the above noted information. Is the project performing better or worse than planned (budget)? (2)
- Estimate how long it will take to finish this project at the current rate of performance? (1 point)
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