Using the information below for a project with sub tasks answer the earned value
ID: 115498 • Letter: U
Question
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 5
1 $50 25 15 10 0 0
2 $80 25 40 15 0 0
3 $40 0 0 20 20
4 $30 0 0 0 15 15
B. Actual Costs Incurred for the project by week are as follows:
Tasks Actual Costs by
Week
1 2 3 4 5
1 $30 $20 $10 0 0
2 $25 $45 $20 0 0
3 0 0 $25 0 0
C. Percentage of Work Completed by Task by week is as follows:
Tasks Week
1 2 3
1 50% 80% 100%
2 25% 40% 90%
3 0 0 40%
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.
2.What is the Total Budgeted Cost for the project?
What is the Cumulative Budgeted Cost for the project through week 3?
What is the Cumulative Actual Cost for the project through week 3?
What is the Cumulative Earned Value of the project through week 3?
What is the CPI through week 3?
What is the SPI through week 3?
What is the Cost Schedule Index through week 3?
What is the Cost Variance for the project through week 3?
What is the Schedule Variance for the project through week 3?
What is the Time Variance for the project through week 3 (is the project late or ahead of schedule)?
What is the percentage spent through week 3?
What is the percentage complete for the project through week 3?
What is the Forecast at Completion for the project assuming the CPI stays as is through week 3?
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?
Explanation / Answer
ANSWER:
19 nov 2015 cbc ( cumulative budgeted cost ) when the tbc for each work package is spread out by time period, a time phased budget is created so the cumulative budgeted cost (cbc) is the time phased baseline budget that will be used to analyze the cost performance of the project a cost is determined for each period.
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