You are given the following information for a one-year project: Planned Value (PV) = $23,000, Earned Value (EV) = $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000.
Explain your assessment on how the project is doing: Is it ahead or behind schedule? Is it Page 6 of 8 IS8100-01 Fa2019 under or over budget? Use all of the calculated variances and indexes from above to support your argument. [50-100-word response.]
Planned Value = (Planned % / Complete %) X (Budget at Completion)
23000 = (Planned % / 100) * 120000
Planned % / 100% = 0.1917 = 19.17 %
Actual Cost is total cost actually so far.
Actual Cost = 20000
Earned Value = % of completed work X (Budget at Completion)
20000 = % of completed work * 120000
% of completed work = 20000 /120000 = 16.67%
To Conclude we are running behind the schedule as
Planned % = 19.17 % % of completed work = 16.67%
Now Actual cost is 16.67% of the project and which is equal so we are on the budget no variance.
Hope this helps.
You are given the following information for a one-year project: Planned Value (PV) = $23,000, Earned...
You are given the following information for a one-year project: Planned Value (PV) = $23,000, Earned Value (EV) - $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000. 2. Explain your assessment on how the project is doing: Is it ahead or behind schedule? Is it under or over budget? Use calculated variances and indexes to support your argument. [50- 100-word response. 3. Use the CPI to calculate the estimate at completion (EAC) for this project....
You are given the following information for a one-year project: Planned Value (PV) - $23,000, Earned Value (EV) - $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000. Answer each of the questions below to complete your assignment. Use the same numbers as the assignment when you give your answer, I only grade answers that correspond the assignment questions. 1. For this one-year project calculate: a. cost variance, b. schedule variance, C. cost performance index (CPI),...
You are given the following information for a one-year project: Planned Value (PV) = $23,000, Earned Value (EV) = $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000. Sketch (free-hand sketch acceptable) a graph to show the relationship between PV, AC, EV, BAC, and EAC. Interpret the sketch explaining on-budget (cost) and on-time (schedule) progress of the project. [75-150-word response.]
You are given the following information for a one-year project: Planned Value (PV) = $23,000, Earned Value (EV) = $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000. Sketch (free-hand sketch acceptable) a graph to show the relationship between PV, AC, EV, BAC, and EAC. Interpret the sketch explaining on-budget (cost) and on-time (schedule) progress of the project. [75-150-word response.]
to chapter 1. Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b. How is the project doing? Is it ahead...
Using the below information answer only part e bolded. Given the following information for a one-year project, answer the following questions. Note that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a.What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? (CV) is -$5,000 (SV)...
2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate. You have an earned value of $8,500 and you have spent $10,000. What is your EAC? (2 points) 3. The earned value on your project is $15,000, the planned value is $20,000, and the actual cost is $18,000. What is your current schedule variance (in $)? (1 point) 5. You are working on a large project and have determined that your cost variance is...
Project ABC Scope = 10 chairs @ $10.00 = $100.00 PV = Timeframe = 10 days AC = At the End of the 5th day 4 chairs were EV = Completed at a cost of $11.00 each CV = CPI= SV = SPI= CR = To install a 10,000 feet fence at a cost of $10.00/per foot. It is estimated that 500 feet of fence can be installed per week for a total of 20 weeks. After 12 weeks and...
Complete the following exercises and submit them in a word document (10 points). Project ABC Scope = 10 chairs @ $10.00 = $100.00 PV = Timeframe = 10 days At the End of the 5th day 4 chairs were EV = Completed at a cost of $11.00 each CPLE SV = SPIE To install a 10,000 feet fence at a cost of $10.00/per foot. It is estimated that 500 feet of fence can be installed per week for a total...
Canyouhelpme with this questionYou are managing a project to expand a major county road in your area. The project is expected to take 1 year and the expenses are budgeted to be $12,500 per month. Six months after the project started, you find out that the project is 50% complete, and that you have spent $70,000. Fill in the information in the table below: Item Value BAC PV EV AC CV = EV-AC SV = EV – PV CPI =...