Description
Assume that you have completed three months of the project. The BAC was $120,000 for this six-month project. You can also make the following assumptions:
- What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
- How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
- Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
- Use the SPI to estimate how long it will take to finish this project.
- Sketch an earned value chart using the information from your answers to parts a through d. Use Figure 7-6 as a guide.
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Assume that you have completed three months of the project. The BAC was $120,000 for this six-month
project. You can also make the following assumptions:
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PV - $60,000
EV = $55,000
AC = $50,000
A-Z
d. What is the cosi variance, schedule variante, cost performance index (CPI), and schedule performance
index (SPI) for the project?
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11. How is the project doiny? is il ahead of schedule on behind schedule? Is il under bullyel
C. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing
heller om Worse than plannel?
d. Use the SPI to estimate how long it will take to finish this project.
e. Sketch an earned value chart using the information from your answers to parts a through d. Use
Figure 7-6 as a guide.
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A] * CNG
4:43 PM
4/6/2019
Estimate at completion (EAC)
120,000
Budget at completion (BAC)
100,000
An EAC
point above
and to the
right of the
BAC point
means the
project is
projected to
cost more
and take
longer than
planned.
80,000
Planned value (PV)
$ 60,000
Actual cost (AC)
40,000
Earned value (EV)
20,000
T
T
T
1
2
3
4 5
8
9 10 11 12 13
6 7
Month
---
Actual cost (AC)
Planned value (PV)
Earned value (EV)
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