Homework Answers
BAC = Project Budget = 100000
PV = Project Budget*% Complete as per plan
PV = 100000*(6/12)
PV = 50000
Earned Value = Project Budget*% Complete Actual
EV = 100000*40%
EV = 40000
AC = Actual Cost = 60000
CPI = EV/AC
CPI = 40000/60000 = 4/6 = 0.67
EAC = BAC/CPI
EAC = 100000/(4/6)
EAC = 150000
SPI = EV/PV = 40000/50000 = 0.8
CV = EV - AC = 40000 - 60000 = -20000
Since CV is negative hence we cal conclude that project is over budget.
Since EAC>BAC hence we can conclude that project is performing worse than planned.
Time to complete project = 12/SPI = 12/0.8
Time to complete project = 15 months
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