Earned-value analysis. A project budget calls for the following expenditures: Task Date Budgeted Amount Build forms April 1 $10,000 Pour foundation April 1 $50,000 May
Earned-value analysis. A project budget calls for the following expenditures:
Task | Date | Budgeted Amount |
Build forms | April 1 | $10,000 |
Pour foundation | April 1 | $50,000 |
May 1 | $100,000 | |
Frame walls | May 1 | $30,000 |
June 1 | $30,000 | |
Remaining tasks | July 1 and beyond | $500,000 |
Define each term in your own words, calculate these values for the above project, and show your work:
- Budgeted cost baseline (make a graph illustrating this one)
- Budget at completion (BAC)
- Planned value (PV) as of May 1
- Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
- SV as of May 1.
- Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
- Schedule performance index (SPI)
- Cost performance index (CPI)
- Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
- Estimate at completion (EAC)
Step by Step Solution
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1 Budgeted Cost Baseline is the initial budget planned for the entire duration of the project for every time period month The graph is the Cumulative Cost vs Time 2 Budget at Completion BAC is the tot... View full answer
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
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