Question
The figure below depicts the schedule for a small project. The budgeted cost is shown within the schedule bar for each activity. For the sake
The figure below depicts the schedule for a small project. The budgeted cost is shown within the schedule bar for each activity. For the sake of simplicity, assume costs are distributed evenly throughout an activity's duration. For example, Activity A will take four weeks and has a total budgeted cost of $4,000. Consequently, expected expenditures for A will be $1,000 per week. In contrast, Activity B will cost $2,000 per week. Precedence relationships are as follows: A must precede B and C, B and C must precede D.
Activity A: $4,000 | |||||||||||||
Activity B: $8,000 | |||||||||||||
Activity C: $4,000 | |||||||||||||
Activity D: $3,000 | |||||||||||||
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5.1. Plot Planned Value (PV) over time. 5.2. What is the Budget At Completion (BAC)? 5.3. What is the Earned at the end of week 7 if the work has gone as planned? 5.4. In week 8, Activity D is delayed two weeks, Activity C completed one week early. At week 11:
a. What is the Earned Value? (EV = PV to date x RP) b. What is the Schedule Variance (SV)? (SV = EV - PV) c. What is the Schedule Performance Index (SPI)? (SPI = EV/PV) d. What is the Cost Performance Index (CPI)? (CPI = EV/AC)
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