Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

he project has a total budgeted amount of $200,000 and is scheduled to take 12 months. At the end of the third month the EV

he project has a total budgeted amount of $200,000 and is scheduled

to take 12 months. At the end of the third month the EV = $50,000 and a

SPI of 1.1 and CPI of 1.2.

A. What is the AC?

B. What is the PV?

C. What is the EAC? What does this mean?

D. What is the estimated time to completion? What does this mean?

E. Briefly discuss the output. Are you over/under budget? Are you

ahead/behind schedule

The earned value on your project is $280. The actual cost is $350. The

planned value = $260. The total project budget is $500.

A. What is the CV and SV? What is the CPI and SPI?

B. Assuming this trend continues, what is the project's estimate at

completion (EAC)?

C. Assume the current variances are atypical and that the remaining work

will be completed using the original estimates. What is the project's estimate

at completion (EAC)?

D. Assume the remaining work will be impacted by both the current cost and

schedule. What is the project's estimate at completion (EAC)?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Authors: Libby, Short

6th Edition

978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881

Students also viewed these General Management questions