EXERCISE 14-2 RECONSTRUCTING CONTROL ACCOUNT INFORMATION A Control Account Manager (CAM) left the organization and most records were lost. All that could be salvaged were the following pieces of information BAC $120,000 Cumulative BCWP $40,000 Cumulative cost variance ($10,000) Cumulative schedule variance = +$1,000 Estimate to complete $86,000 Please reconstruct the control account for the new CAM by determining the following: (Hint #l: work each question in order) (Hint #2: look at the formulae information sheet used in the Highway Case Study for help) % complete BCWS (cumulative) 2. ACWP (cumulative 3 EAC (Hint #3: the basic formula for any EAC) 4 5. Variance at Completion (VAC) 6. CPI (e) 7 CPI(p) 8 TCPI (to achieve the EAC) Calculate an EAC using the IEAC formula 9. 10. What does a brief analysis of the IEAC and TCPI tell you? Based on past performance, the control account will come in on cost Efficiency must mprove significantly just to achieve the EAC, but past performance indicates an EAC greatly exceeding the CAM's EAC (a) (b) The control account will finish behind schedule (c) (d) Nothing. The TCPI and the IEAC are in no way related. 647-14-9 EXERCISE 14-2 RECONSTRUCTING CONTROL ACCOUNT INFORMATION A Control Account Manager (CAM) left the organization and most records were lost. All that could be salvaged were the following pieces of information BAC $120,000 Cumulative BCWP $40,000 Cumulative cost variance ($10,000) Cumulative schedule variance = +$1,000 Estimate to complete $86,000 Please reconstruct the control account for the new CAM by determining the following: (Hint #l: work each question in order) (Hint #2: look at the formulae information sheet used in the Highway Case Study for help) % complete BCWS (cumulative) 2. ACWP (cumulative 3 EAC (Hint #3: the basic formula for any EAC) 4 5. Variance at Completion (VAC) 6. CPI (e) 7 CPI(p) 8 TCPI (to achieve the EAC) Calculate an EAC using the IEAC formula 9. 10. What does a brief analysis of the IEAC and TCPI tell you? Based on past performance, the control account will come in on cost Efficiency must mprove significantly just to achieve the EAC, but past performance indicates an EAC greatly exceeding the CAM's EAC (a) (b) The control account will finish behind schedule (c) (d) Nothing. The TCPI and the IEAC are in no way related. 647-14-9