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You are the project manager for a project that is originally scheduled to take 6 months and consists of 4 primary tasks. Your original budget
You are the project manager for a project that is originally scheduled to take 6 months and consists of 4 primary tasks. Your original budget for the project (all values are in thousands) is presented below= with costs per task allocated to the months in which they should be incurred. You are not.r 4 months into the project. Data on your actual costs and percent complete for each task at the end of each month is presented below. Use the cost data for your project to do the following: a) Calculate the Cumulative Budgeted Cost (CBC), the Cumulative Actual Cost (ISAC) and the Cumulative Earned Value (CEV) at the end of each time period. b) Calculate the lCost Performance Index (CPI)= Cost Variance (CV)= Schedule Performance Index {SP1} and Schedule Variance {SK-U at the end ofeach time period. c) Based on your data at the end of month 4, calculate the Forecasted Cost At Completion (FCAC) for the project using 2 di "erent methods (CPI method = FCACU) and Original Budget method = FCAC{2)). Budgeted Costs Month TB C 1 2 3 4 5 6 Task 1 20 10 10 Task 2 40 20 10 1E} Task 3 60 30 20 10 Task 4 30 ll} 10 10 Actual Costs Month 1 2 3 4 5 6 Task 1 20 5 Task 2 20 15 ll} Task 3 25 2E} Task 4 15 Percentage of \""ork Complete Month 1 2 3 4 5 6 Task 1 80 100 100 100 Task 2 60 80 100 Task 3 50 9E} Task 4 40
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