Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the cost columns in each of the five open rows, pick the correct value for Schedule Performance and CostPerformance. The eBook discusses the relationship

Using the cost columns in each of the five open rows, pick the correct value for Schedule Performance and CostPerformance. The eBook discusses the relationship between PV and EV for Schedule Performance, and between EV and AC for Cost Performance. This will help you compare values in the cost columns and select the right values for Schedule and Cost Performance. The rest of the columns to the right of Budget at Completion all use a formula for calculating the correct value. All of the formulas are explained in the eBook. Once you have the correct formula, use it to compute the correct value until you have completed all five rows (the first row is prefilled with zeros). If you are proficient with Excel formulas, feel free to use them instead of calculating the answers manually

image text in transcribed
PV EV AC BAC CV SV CPI SPI EAC ETC Cost Schedule Schedule Cost Budget at Schedule Performance Performance Estimate at Estimate to Comments From the PM's Diary Status Date | Planned Value Earned Value Actual Cost Performance Performance Completion Cost Variance Variance Index Index Completion Complete So excited to get started! 12-Jul $0.0 $0.00 $0.00 On Schedule On Budget $251,335.00 $0.00 $0.00 0.0000 0.0000 $0.00 $0.00 Wow, work went quicker than anticipated, Ahead of 26-Jul $15,055.00 $21,260.00 $17,595.00 Over Budget $251,335.00 finished 3 days early! Schedule Uh-Oh, new Customer Requirements, Behind 2-Aug $27,580.00 $32,472.73 $33,875.00 Over Budget $251,335.00 added 3 days! Schedule Uh-Oh (again), need 4 more days for Design Behind 30-Aug $71,580.00 $68,720.00 $70,655.00 Under Budget $251,335.00 Specs! Schedule Uh-Oh (sigh), it will take a little longer (1 Behind 8-Nov $203,330.0 $186,170.00 $200,905.00 Under Budget $251,335.00 week) for coding the extra requirements! Schedule Hey! Unit and System Tests went very well, Ahead of 30-Nov $251,335.00 $251,335.00 $248,460.00 $251,335.00 Schedule Under Budget finished 6 days early

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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these General Management questions