Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following information for a one-year project, answer the following questions. The planned value PV = $ 10000 Earned Value EV= $ 9000 Actual

Given the following information for a one-year project, answer the following questions.

 The planned value PV = $ 10000 Earned Value EV= $ 9000 Actual Cost AC = $ 12000 Budget At Completion BAC= $ 60000 a) What is the cost variance, and schedule variance for the project? b) What is the Cost Performance Index (CPI), and Schedule Performance Index (SCI) for the project? c) How is the project doing? is it a head of schedule or behind schedule? Is it under budget or over budget? d) Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? e) Use the SPI to estimate how long it will take to finish this project.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting IFRS WileyPLUS NextGen Card With Loose Leaf Print Companion Set

Authors: Jerry J. Weygandt ,Paul D. Kimmel ,Donald E. Kieso

4th Edition

1119504708

More Books

Students also viewed these Accounting questions