Assignment: Chapter 7 - Determining Costs, Budget, and Earned Value

Define the following: TBC, CBC, CAC, CEV, CPI, CV, FCAC, and TCPI. How is each calculated?

2a. Refer to the table below. What is the cumulative budgeted cost at the end of week 6? Amounts are in thousands of dollars.

b. Below is a table of actual costs. What is the cumulative actual cost at the end of week 6? Determine whether there is a cost overrun or underrun. What is causing it? Amounts are in thousands of dollars.

c. Below is a table of the cumulative percentages of work completed by the end of week 6. What is the cumulative earned value of the project at the end of week 6? Is it good?

d. What is the CPI at the end of week 6? What is the CV?

e. Calculate the FCAC using the first two methods described.