Question: please answer this in steps asap thanks A project has a total allocated budget of 5 0 0 K AED and a planned duration of
please answer this in steps asap thanks
A project has a total allocated budget of K AED and a planned duration of days. The project has been running for
days and it estimated that the actual cost amounts to K AED. Looking at the project deliverables, you have identified that
up to the current date units out of the total units have been delivered.
Perform an EVA of the project at this date. Determine the below parameters:
EVA of the Project at Day :
The Istimate At Completion AC is the expected total cost of completing all the work.
The fstimate To Completion CTC is the expected cost to finish all remaining work. ETC EAC AC
The Variance At Completion VAC is the estimated difference in cost at the completion of the project. VAC BAC EAC.
Assuming the future work from Day onwards will be completed at the planned rate, EAC is given by
EACBACACEV
Determine EAC, as well as ETC and VAC.
days later, you decide to perform an EVA of the project. The accounting team informs you that the actual conts have now
reached K AED. additional units have been dellvered.
Perform an EVA of the project at this date. Determine the below parameters:
EVA of the Project at Day :
Assuming the remaining work from Day onwards will be influenced by both the SPI and CPI, EAC is given by
EACACBACEVCPISP
Determine EAC, as well as ETC and VAC.
The ToCompletePerformance Index TCPIBAC indicates the efficiency that must be maintained in order to complete your
project as oriefinally planned.
TCPIBAC BACEVBACAC
Determine TCPIBAC. What are your thoughts on how to interpret the TCPI? Is having a TCPI good news or bad news
days before the project deadline, you perform a final EVA of the project. The actual cost has reached of the original
budget. Only units remain to be delivered.
Derform an EVA of the project at this date. Determine the below parameters;
EVA of the Project at Day :
Assuming the CPI will remain the same for next days, EAC is given by
EACBACCPI
Determine EAC, ETC and VAC.
The ToCompletePerformance index TCPEAC indicates the efficiency that must be maintained in order to complete your
project as per the latest tacestimate.
TCREAC BACEVEACAC
What are your thoughts on how to interpret the sign of VAC? is positive VAC good news or bad news?
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