Project A was budgeted at $50,000 and it is 60% complete. Calculate the earned v

Question

Project A was budgeted at $50,000 and it is 60% complete. Calculate the earned value EV- In Project A, 60% of the work is complete, but 80% (of $50,000 worth of work) was supposed to be completed. Calculate the planned value In Project A, 60% of the work is done, 80% was supposed to be done, but regardless, the project has spent $45,000. What is the actual cost:? AC Using the above calculated EV, PV, and AC, calculate the cost performance index, and explain if the project is under budget or over budget, and why? CPI Using the above calculated EV, PV, and AC, calculate the schedule performance index, and explain if the project is ahead of schedule or behind schedule, and why? SPI- From the information available in exercise A, what is the budget at completion value? ??? Using the above calculated EV, AC, and BAC calculate the estimate at completion value for estimated to complete work performed at the budgeted rate. EAC Using the above calculated EV, AC, BAC, and CPI calculate the estimate at completion value for estimated to complete work performed at the present CPI. EAC Using the above calculated EV, AC, BAC, CPI, and SPI calculate the estimate at completion value for estimated to complete work considering both SPI and CPI factors: EAC Using the above calculated EV, AC, BAC, and EAC for exercise G, calculate the To- Complete Performance Index (based on the EAC). TCPI = Using the above calculated EV, AC, and BAC calculate the To-Complete Performance Index (based on the BAC) TCPI

Explanation / Answer

EV = % of completed work X BAC (Budget at Completion) = 60% * 50000 = $ 30,000 PV = (Planned % Complete) X (BAC) = 80% * 50000 = $40,000 AC = $45,000 CPI = EV / AC = 30,000 / 45,000 = 0.66 SPI = EV / PV = 30,000 / 40000 = 0.75 BAC = $ 50,000 EAC = actual costs (AC) + budget at completion (BAC) – earned value (EV) = 45,000 + 50,000 - 30000 = 65,000 ETC = (BAC / CPI) - AC = 50,000 / 0.66 - 45000 = 75757 - 45000 = 31000 (approx) at present CPI Note - solved 4 sub-parts as part of QA guideleines. Pls post rest seperately.

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