Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the information below for a project with sub tasks answer the earned value questions. Assume all dollars are in thousands. Partial credit can be
Using the information below for a project with sub tasks answer the earned value questions. Assume all dollars are in thousands. Partial credit can be given if the calculations are shown. Each question is worth 2 points for a total of (30-2 points = 28 pts). A. Budgeted Costs for the project has Planned Values by week as follows: Weeks Tasks Total Budget Costs 1 2 3 4 3 5 1 0 0 0 0 20 15 15 $50 25 15 10 2 $80 25 40 15 3 $40 0 20 4 $30 0 0 0 B. Actual Costs Incurred for the project by week are as follows: Tasks Actual Costs by Week 1 2 3 4 5 $20 1 2 3 $30 S25 $45 0 $10 $20 $25 0 0 0 0 0 0 C. Percentage of Work Completed by Task by week is as follows: Tasks Week 1 2 3 2 50% 25% 0 80% 40% 0 100% 90% 40% 3 D. Answer the following questions about the project's progress. Show your calculations. 1. Draw a diagram of the PV curve, the AC curve, and the EV curve on an axis of Cost versus time. (Not graded) 2. What is the Total Budgeted Cost for the project? 3. What is the Cumulative Budgeted Cost for the project through week 3? 4. What is the Cumulative Actual Cost for the project through week 3? 5. What is the Cumulative Earned Value of the project through week 3? 6. What is the CPI through week 3? 7. What is the SPI through week 3? 8. What is the Cost Schedule Index through week 3? 9. What is the Cost Variance for the project through week 3? 10. What is the Schedule Variance for the project through week 3? 11. What is the Time Variance for the project through week 3 (is the project late or ahead of schedule)? 12. What is the percentage spent through week 3? 13. What is the percentage complete for the project through week 3? 14. What is the Forecast at Completion for the project assuming the CPI stays as is through week 3? 15. What is the Forecast At Completion for the project assuming the CPI returns to 1.0 for the remainder of the project after week 3
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