Topic: Eamed Value Management 1(a) You are managing a project that is scheduled to take 12 months to complete and has a Budgeted Actual Cost (BAC) of RM2,000,000 At the Status Date, the project has the following characteristics: Planned value (PV) RM600,000 Actual cost (AC) RM700,000 Percentage of work completed 45% Calculate the following quantities: Earned Value (EV) Cost Variance (CV) Schedule Variance (SV) Cost Performance index (CPI) Schedule performance index (SPI) Using your results, apply the three formulae listed for the calculation of the Estimate at Completion (EAC) of the project. 4 marks 3 marks 3 marks 3 marks 3 marks 6 marks These formulae are as follows: CV-EV-AC SV=EV-PV CPI-EVIAC SPI=EV/PV EAC-AC + (BAC - EV) EAC=BAC/CPI EAC=AC+[(BAC-EVY(CPIX SPI] TCPI=(BAC-EVW(EAC-AC) For each of these calculations (3 in total). calculate the To-Complete- Performance Index (TCPI). (3 marks) 1