You have a project to build a new block wall around the house. The block wall is
ID: 449747 • Letter: Y
Question
You have a project to build a new block wall around the house. The block wall is four-sided equal on all sides. Each side is to take one day to build and is budgeted for $10,000 per side. The sides are planned to be completed one after the other. Today is the end of day three. Using the following project status chart, calculate in the space provided.
Activity
Day 1
Day 2
Day 3
Day 4
Status End of Day 3
Side 1
S-------------F
Complete spent $10,000
Side 2
S-----------PF
---F
Complete spent $10,000
Side 3
PS----S----PF
50% done, spent $6,000
Side 4
PS---------PF
Not yet started
What Is:
Calculation
Answer
Interpretation of the Answer
PV
EV
AC
BAC
CV
CPI
SV
SPI
EAC
ETC
VAC
TCPI
Activity
Day 1
Day 2
Day 3
Day 4
Status End of Day 3
Side 1
S-------------F
Complete spent $10,000
Side 2
S-----------PF
---F
Complete spent $10,000
Side 3
PS----S----PF
50% done, spent $6,000
Side 4
PS---------PF
Not yet started
Explanation / Answer
1. Side 1 is completed and spent $10,000
2. side 2 is completed and spent $10,000
3. Side 3 - 50% of day 4 work, spent $6,000.
4. Side 4 -planned start and planned finish.
Using the above, calculate PV, EV, AC, BAC, CV, CPI AND SV.
PV or BCWS = Daily Rate * Total days Planned or Scheduled
PV = $40,000 ($10,000 * 4 days)
EV or BCWP = Baselined Cost * % Complete Actual
EV = $22,500 (baseline of $40,000 * 2.25/4 % complete)
AC or ACWP = Total cost of work done
AC = $26,000 ($10,000 + $10,000 + $6000)
QUESTION IS NOT CLEARED SO IT MAY BE
AC = $26,000 ($10,000 + $10,000 + $6000)
BAC = Baselined Effort-days * daily Rate
BAC = $30,000 (3 days * $10,000)
CV = Earned Value (EV) - Actual Cost (AC)
CV = -$3500 ($22,500 EV - $26,000 AC) indicating a cost overrun
CPI = Earned Value (EV) /Actual Cost (AC)
CPI = 0.865 ($22,500 EV / $26,000 AC)
OR 1.02 IF AC is 22,000
SV = Earned Value (EV) - Planned Value (PV)
SV = -$17,500 ($22,500 EV - $40,000 PV)
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