Question: A project has completed its 11th week today and has an actual cost (AC) of $225,000 so far. The workers believe they are about 70%
A project has completed its 11th week today and has an actual cost (AC) of $225,000 so far. The workers believe they are about 70% of the way toward completion. There are fourteen more weeks to go. The complete project's estimated budget at completion (BAC) was originally estimated to be $338,000 with the costs distributed evenly and equally across each week of work throughout the life of the project. Compute the following values:
- Cost/spending variance
- Schedule variance
- Cost Performance Index (CPI)
- Schedule Performance Index (SPI)
- Estimated Remaining Cost to Completion (ETC)
- Estimated Total Project Cost at Completion (EAC)
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