An activity on the critical path of a project was scheduled to be completed within 12 weeks,
Question:
An activity on the critical path of a project was scheduled to be completed within 12 weeks, with a budget of $8,000. During a performance review, which took place 7 weeks after the activity was initiated, it was found that 50% of the work had already been completed and that the actual cost was $4,500.
a. Calculate the EV of the activity.
b. Calculate the CI and SI for the activity.
c. Calculate the expected BAC using the original estimate approach.
d. Calculate the expected BAC using the revised estimate approach.
e. Compare and discuss the results obtained in parts (c) and (d).
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a The Earned Value of a project is a measure of the actual work completed as per the defined cost It ...View the full answer
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Related Book For 
Project Management Processes Methodologies And Economics
ISBN: 9780130413314
2nd Edition
Authors: Avraham Shtub, Jonathan F. Bard, Shlomo Globerson
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