Question: Earned Value. (20 points) - Define the following: TBC, CBC, CAC, CEV, CPI, CV, and FCAC. What formulas are used to calculate CEV, CPI, CV,
Earned Value. (20 points) - Define the following: TBC, CBC, CAC, CEV, CPI, CV, and FCAC. What formulas are used to calculate CEV, CPI, CV, FCAC (3 methods for FCAC), and SPI? - Assume you are the project manager and based on your customer's requirements you have determined there are four main tasks in a Dream Kitchen project. Each task has been assigned each a TBC. Specifically, the customer wants the old kitchen and a load-bearing wall removed and damage from a prior leak repaired (Task 1 - $20,000 ); all plumbing and electrical reconfigured and new drywall (Task 2 - $18,000 ): new flooring, cabinets, countertops, tile backsplash, and appliances purchased and installed (Task 3$35.000 ); and trim, painting, cleanup (remove dumpster) done (Task 4$5,000 ). You estimate this will take 5 weeks to complete. The costs are budgeted as follows: What is the total cumulative TBC? What is TBC at the end of week 4
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
