Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The table shown below is for a project that is planned to be completed in 4 months. (a) What is the total planned budget
The table shown below is for a project that is planned to be completed in 4 months. (a) What is the total planned budget (Budget At Completion) of the project? (b) Calculate SV, CV, SPI and CPI at the end of second month. Can you comment on the status of the project? (Please note that EV = % Completed BAC) (c) Calculate the Estimate To Completion (ETC). (d) Calculate the Estimate At Completion (EAC) using Method #3. Month Actual % of the project 31.25% completed (cumulative) Planned Value Earned Value Actual Cost 1 2 3 4 54.69% $1,110,000 $600,000 $950,000 $540,000 $1,000,000 $1,250,000 $500,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started