Topic: PV vs. BAC
How does Planned Value (PV) differ from Budget-at-Completion (BAC)? Suppose you have a scheduled project activity with a total duration of 12 weeks and an activity budget of $1,200. Assuming the planned expenditure rate is constant throughout the activity duration, what is PV at the end of the fourth week? At the end of the tenth week? At the end of the twelfth week?
Suppose now the planned expenditure rate is: $50 for each of the 1st two weeks; $100 for each of the 3rd and 4th weeks; $125 for each of the 5th and 6th weeks; $150 for each of the 7th and 8th weeks; $125 for week 9; and $75 for each of weeks 10 through 12. What is PV at the end of the fourth week? At the end of the tenth week? At the end of the twelfth week?
Project Management
Planned value is a quantity that can be measured at any time during the project, based on the planned expenditure at that length of time, while budget at completion is the total budget allocated for project.
Planned activity budget per week = 1200/12 =100
PV at the end of the fourth week= 4x100 =400
PV at the end of the tenth week =10x100 =1000
PV at the end of the twelfth week =12x100 =1200
With the new system
PV at the end of the fourth week=50x2+100x2 =300
PV at the end of the tenth week= 50x2+100x2 +125x2+150x2+125+75 = 1050
PV at the end of the twelfth week = 50x2+100x2 +125x2+150x2+125+75x3 =1200
Topic: PV vs. BAC How does Planned Value (PV) differ from Budget-at-Completion (BAC)? Suppose you have...
How does Planned Value (PV) differ from Budget-at-Completion (BAC)? Suppose you have a scheduled project activity with a total duration of 12 weeks and an activity budget of $1,200. Assuming the planned expenditure rate is constant throughout the activity duration, what is PV at the end of the fourth week? At the end of the tenth week? At the end of the twelfth week? Suppose now the planned expenditure rate is: $50 for each of the 1st two weeks; $100...
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...