Refer back to Problem 27. Assume the $590,000 indicated for week 22 is the most

Question

Refer back to Problem 27. Assume the $590,000 indicated for week 22 is the most likely EV. Given a BAC of $990,000, this represents 59.6 percent of the project completed. Suppose an expert assesses the LOGON project at that time using various measures and concludes that LOGON is between 50 percent and 65 percent completed. Let these represent pessimistic and optimistic scenarios. Compute the corresponding pessimistic, most likely and optimistic scenarios. Compute the corresponding pessimistic, most likely, and optimistic CPIs, SPIs, EACs, and forecast the corresponding completion dates for the project.

Explanation / Answer

The values and formulae are:

Week Budgeted cost Day 10 /Scheduled Completion ACWP BCWP =(Budegeted cost *Completion) BCWS =(Budegeted cost *Scheduled) CPI (BCWP/ACWP) CV(BCWP-ACWP) SPI (BCWP/BCWS) SV(BCWP-BCWS) EAC= ACWP/completion Pessimistic 22 990000 59.6% 50% 590000 495000 590040 0.839 -95000 0.838926 -95040 1180000 Optimistic 22 990000 59.6% 65% 590000 643500 590040 1.091 53500 1.090604 53460 907692.3

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