I got 2 different answers for Question #3.

Two tutors said the answer is d. One tutor said it's c.

I am confused about what is correct. They all did not write down the whole calculation to arrive at their answer. So, I cannot decode either. I really need to see the calculation and formula used. So far, all tutors did not provide how the answer was calculated. Because the number was just thrown, although I tried to find a way to get to the answer, I could not. I am at a loss.

Please provide the calculation and formula throughout the process.

Can you please resolve this and help me understand the path to the correct answer?

rosemaniebilogs53 Answered 3 days ago d. Explanation: . BAC = $3840000 EV = $1200000 A0 = $1250000 - To find the amount of money needed to complete the project, we need to find the variance. - Variance = EV - AC Variance = 31200000 - $1250000 Variance = $50000 - To nd the total amount of money needed to complete the project, we need to find the total variance. - Total Variance = Variance x {BAG - EV) Total Variance = -$50000 x ($3840000 - $1200000} Total Variance = $15000000 - Total Cost = A0 + Total Variance Total Cost = $1250000 + $15000000 - The cost variance is the difference between the EV and the AC. - The total variance is the cost variance multiplied by the difference between the BAC and the EV. BaronSnail2309 Answered 2 days ago d. $3,000,000 Explanation: Approach to solving the question: . d. $3,000,000 Detailed explanation: . If the cost variance is constant, then it will take an additional $3,000,000 to complete the project. . $3,000,000 = (10,000,000 - 7,000,000) * 1.5 . 10,000,000 = estimated total cost 7,000,000 = actual cost incurred 1.5 = cost variance . Therefore, the answer is d. $3,000,000. . "The variance cost is the difference between a project's" "actual cost and its anticipated cost." . "If the project's" "actual cost is consistently greater than its anticipated cost by same amount," "the actual cost is said to be constant." . In this case, the cost variance is $2,500,000, so it will take an additional $3,000,000 to complete the project (since $2,500,000 + $3,000,000 = $5,500,000, which is the new budgeted cost of the project).3. Assuming that the cool variance la constant, how much more money III It take to complete the project? - 0. $2,800,000 . The project is scheduled to have 8 tower upgrades per month. There are 30 tower upgrades completed in the first 3 months. So. the project is ahead of schedule by 6 tower upgrades. The actual cost of the project is $1.25 million. If the cost variance is constant. the proiect will need $2.8 million to complete. Module 5, Critical Thinking Option #1: Earned Value Analysis for Project Management Institute Exams Given a project with the following characteristics, answer the following questions: You are the project manager of a project to upgrade the generators at cell phone towers. Your project is scheduled to last for 12 months. It is the beginning of month 4 Your crews are to upgrade 8 cell phone towers per month for 12 months Each generator is planned to cost $40.000 which includes equipment, labor, and fueling costs. You have upgraded 30 cell phone towers and your CPI is 0.96. Per month cost estimate = 8*$40,000-$320,000. BAC [budget at completion) = 5320,000*12=$3,840,000 3 months x 8 tower = $320,000*3= $960,000 At the beginning of the 4th month, 30 towers against the scheduled 24 towers completed. EV (earned value) =30*540,000=$1,200,000 CPI-0.96 AC (actual cost) = EV/CPI=$1,200,000/0.96=$1,250,000 (Per-upgrade cost: $1,250,000/3= $41,666.67) 3. Assuming that the cost variance is constant, how much more money will it take to complete the project? a. 52,500,000 b. $2,750,000 C. 52,800,000 d. $3,000,000 What is your reasoning