project managment:

Description:

A small project was planned to be completed in 40 weeks, with a budget of $360,000, phased equally over the 40 weeks ($9,000 per week), with 2.5% of the work to be completed each week. At the end of the first 6 weeks, the project was 12% completed. The following is additional information related to this project:

Planned value (PV): $9,000 (each week)

Actual cost (AC): $60,000 (at the end of the first 6 weeks)

Budget at Completion (BAC) $360,000 (for the whole project)

Original Time Estimate (OTE): 40 weeks (for the whole project)

Required--Compute and answer the following (show all your calculations):

a) Rate of performance (RP):

b) Earned value (EV):c) i) Cost variance (CV):

ii) Schedule variance (SV):

iii) Cost performance index (CPI):

iv) Schedule performance index (SPI):d) Estimate at completion (EAC):

e) Estimate to complete (ETC)f) Estimated time to complete (ETTC):

g) How is work on the project progressing (be specific, indicating the underlined keyword):

i) Is it ahead of schedule or behind schedule? Why do you think so?

ii) Is it under budget or over budget? Why do you think so?

Notes:

You must show all your work that supports the answer

Identify the answer for each question with its letter code (eg. (a) or( ii)).