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:
Text
Title: Project Management
Subtitle:
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 |
$50,000 |
||
|
May 1 |
$100,000 |
||
|
Frame walls |
$30,000 |
||
|
June 1 |
|||
|
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)
