1. When you collect the earned value data for your project, you get the following data: PV = $1,500,000, EV = $ 1,200,000, AC = $1,000,000. You expect the factors for cost variance to continue in the same way in future. The value of the remaining work is $1,000,000. What should be the new EAC for the project?

2. The latest Earned value report of the project shows CPI = 1.2, SPI = 0.8, PV = $500,000, SV = -$220,000. What is the Cost Variance of the project?

3. When you analyze earned value data for your project, you get the following information: CPI = .84, and the EV is $48,000. How much money has actually been spent on the project?

4. The project is budgeted at $1,000,000. The following earned value figures have been derived. PV=$500,000, EV = $450,000, AC= $550,000. The cost variances in the project are caused by one-time factors which are no more effective. What will be the estimate at completion for the project?

5. You are managing a telecommunications project. The project is expected to be completed in 10 months at a cost of $12000 per month. After 2 months, you realize that the project is 30% completed at a cost of $60,000. What are the Earned Value (EV) and the Cost Variance (CV)?

6. You are managing a constructions project. You have completed half the project work. The total planned cost at this stage is $1000. The actual work that has been completed at this stage is worth $1200. You have spent $1500 already on the project. What is the CPI?

7. During your project analysis, you understand that there is a cost-variance in the project. Further analysis shows that it is a one-time variance caused by an unexpected rework. You do not expect such situation in future. You would like to get the Estimate at completion for your project, so you perform earned value analysis and get the following data: EV = 2,000,000; PV = 1,500,000; AC = 2,500,000; BAC = 4,000,000. What is EAC?

Answer rating: 100% (QA)

To calculate the new Estimate at Completion EAC using the given data we can use the formula EAC AC BAC EV where AC is the actual cost of work completed BAC is the budget at completion and EV is the ea... View the full answer