Question: For the project with Earned Value (EV) = $300, Actual Cost (AC) = $250 and Planned Value (PV) = $300. The original project budget is

For the project with Earned Value (EV) = $300, Actual Cost (AC) = $250 and Planned Value (PV) = $300. The original project budget is $1000. Assuming the project will continue to spend money at the same rate, what is the Estimate At Completion (EAC) of the project? . EAC = BAC/CPI If we believe the project will continue to spend at the same rate up to now (e.g. the delay is caused by reasons which is likely to continue) . EAC = AC + (BAC-EV) If we believe that future expenditures will occur at the original forecasted amount (no more delays of the same kind in future) . EAC = AC + [(BAC-EV)/(SPI*CPI)] If we believe that both current cost and current schedule performance will impact future cost performance . EAC = AC + New Estimate If we believe the original conditions and assumptions are wrong $1,000 $1,033 $833 $933
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
