Problem 5- Planning Problem:Earned-value analysis. A project budget calls for the following expenditures:TaskDateBudgeted AmountBuild formsApril 1$10,000Po

Problem:Earned-value analysis. A project budget calls for the following expenditures:TaskDateBudgeted AmountBuild formsApril 1$10,000Pour foundationApril 1$50,000May 1$100,000Frame wallsMay 1$30,000June 1$30,000Remaining tasksJuly 1 and beyond$500,000
Define each term in your own words, calculate these values for the above project, and show your work:

  1. Budgeted cost baseline (make a graph illustrating this one)
  2. Budget at completion (BAC)
  3. Planned value (PV) as of May 1
  4. Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
  5. SV as of May 1.
  6. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
  7. Schedule performance index (SPI)
  8. Cost performance index (CPI)
  9. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
  10. Estimate at completion (EAC)

Text

Title: Project Management 

Subtitle: https://opentextbc.ca/projectmanagement/ 

Authors: Adrienne Watt 

Publisher: BCcampus Open Education 

Publication Date: 2019 

Edition: 2nd Edition

Problem:

Earned-value analysis. A project budget calls for the following expenditures:

Task

Date

Budgeted Amount

Build forms

April 1

$10,000

Pour foundation

April 1

$50,000

May 1

$100,000

Frame walls

May 1

$30,000

June 1

$30,000

Remaining tasks

July 1 and beyond

$500,000

Define each term in your own words, calculate these values for the above project, and show your work:

1. Budgeted cost baseline (make a graph illustrating this one)

2. Budget at completion (BAC)

3. Planned value (PV) as of May 1

4. Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.

5. SV as of May 1.

6. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.

7. Schedule performance index (SPI)

8. Cost performance index (CPI)

9. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs

10. Estimate at completion (EAC)

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