Question: Description Assume that a work package was planned to be completed in 25 weeks, with a budget of $250,000, phased equally over the 25 weeks

 Description Assume that a work package was planned to be completed

Description Assume that a work package was planned to be completed in 25 weeks, with a budget of $250,000, phased equally over the 25 weeks ($10.000 per week). with 4% of the work to be completed cach week. At the end of the first 5 weeks, the package was 18% completed. The following is additional information related to this package: Planned value (PV): $to,0no (each week) Actual cost (AC): $60.000 (at the end of the first 5 weeks) Budget at Completion (BAC) $250.090 (for the whole package) Original Time Estimate (OTE): 25 weeks (for the whole package) Required--Compute and answer the following (show all your calculations): a) Rate of performance (RP): b) Earned value (EV): c) i) Cost variance (CV): in) Schedule variance (SV): iii) Cost performance index (CPI): iv) Schedule performance index (SPI): d) Estimate at completion (EAC): c) Estimate to complete (ETC) f) Estimated time to complete (ETTC): g) How is work on the package progressing (be specific, indicating the underlined keyword): i) Is it ahead of schedule or behind schedule? Why do you think so? ii) Is it under budget or over budget? Why do you think so? Notes: . You must show all your work that supports the answer . Identify the answer for each question with its letter code feg, (a) orf iI))

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