a) A project has a budget of Rs 20 Million and schedule for 10 months. It is assumed that the total budget will be spent equally each month until the 10th month is reached. After 2 months, the project manager finds that only 5% of the work is finished and a total of Rs 2 Million spent. 

(i) Calculate the Budgeted Cost for Work Scheduled (BCWS)/Planned Value (PV). [2 marks] 

(ii) Calculate the Budgeted Cost for Work Performed (BCWP)/Earned Value (EV). [2 marks] 

(iii) Calculate the variance (CV) and determine whether the project is under or over budget. [2 marks]

 (iv) Calculate the scheduled variance (SV) and determine whether the project is behind or ahead of schedule. [2 marks] 

(v) Calculate the cost performance index (CPI) and determine whether the project is over or under budget. [2 marks]

 (vi) Calculate the schedule performance index (SPI) and determine whether the project is ahead or behind schedule. [2 marks] 

(vii) Calculate the Estimate at Completion (EAC). [2 marks] 

(viii) Calculate the Estimate to Complete (ETC). [2 marks]

 (ix) Calculate the time required to complete the project. [2 marks] 

(x) Calculate the amount of time this project will take to complete.  

Answer rating: 100% (QA)

a i Calculate the Budgeted Cost for Work Scheduled BCWSPlanned Value PV 2 marks ANSWER BCWSPV 2 Million CALCULATION BCWSPV Total Budget Total Schedule ... View the full answer