Suppose the project has been going on for five weeks. The project team meets to evaluate the progress

of the project at the end of week 5. The progress report shows the project has consumed a total of

$66,966. Furthermore, activity A is fully completed, activity B is 55% complete, and activity C is

78% complete. Activities D and E have not started.

What is the value of the schedule performance index at the end of week 5 (in dollars)?

D Question 5 10 pts Review the budgeted cost of project GA504 (Example 1). Suppose the project has been going on for five weeks. The project team meets to evaluate the progress of the project at the end of week 5. The progress report shows the project has consumed a total of $66,966. Furthermore, activity A is fully completed, activity B is 55% complete, and activity C is 78% complete. Activities D and E have not started. What is the value of the schedule performance index at the end of week 5 (in dollars)? Use at least 4 decimals. D Question 5 10 pts Review the budgeted cost of project GA504 (Example 1). Suppose the project has been going on for five weeks. The project team meets to evaluate the progress of the project at the end of week 5. The progress report shows the project has consumed a total of $66,966. Furthermore, activity A is fully completed, activity B is 55% complete, and activity C is 78% complete. Activities D and E have not started. What is the value of the schedule performance index at the end of week 5 (in dollars)? Use at least 4 decimals. 1 of 2 P.W. Sutanto Budgeted Cost, Example 1 The plan for project GAS04 shows the following summary information: Activity A 3 Immediate Predecessors none Duration (week) 3 2 4 Budgeted Cost is/week) 10,000 8.000 13.000 6,000 16,000 D B 3 3 E 3 5 2 D 7 8 3 10 4 0 STA 0 03 A 3 03 10 FIN 10 3 7 c 4 37 7 10 E 3 7 10 Interpretation: Activity is the first activity in the project and has the duration of 3 weeks. The weekly budgeted cost is $10,000 per week. This means that the total budgeted Cost (TBCfor activity is $30,000 Actvity B can start after activity A is finished and has a duration of 2 weeks. The TBC for activity B is $16,000. Similarly, the TBC for activity B is $42.000, and so on. We can put the Tec for each activity on the above table and then calculate the TBC for Project GAS04. In this case, the TBC for the project is $164,000 Activity immediate Predecessors none A A Duration (week) 3 2 Budgeted Cost Total Budgeted (S/ weeld Cost (5) 10,000 30,000 8,000 16,000 13,000 52.000 18.000 16,000 48.000 Total 164,000 4 C D B 3 3 6.000 Macbook 5 a FZ DIO FO DD FO F10 11 P.W. Sutanto Budgeted Cost Example 1 2 of 2 The total budgeted cost can be spread out by time period to form the time-phased budgeted cost which can be used to determine how much of the budget should have been spent at any polont in time. The weekly budgeted cost for Project GASO4 is shown below. 7 9 7 8 9 10 Activity A B D E Total Cumulative TBC 30 16 S2 18 48 164 Weekly Budgeted Cost (in $1000s) Woek 1 2 3 4 5 6 10 10 10 8 8 13 13 13 6 13 6 6 10 10 10 20 10 30 21 51 21 72 19 91 19 110 16 22 132 16 16 148 16 16 264 The entries in the last row showing the cumulative cost. For example, it shows that, at the end of week 6, the project is expected to consume $91,000 From the weekly budgeted cost, the cumulative budgeted cost (CBC) can also be constructed. Weekly Cumulative Budgeted Cost (in $1000s) Week 1 2 3 4 5 6 17 10 20 30 30 30 30 30 8 16 16 16 13 26 39 12 8 30 16 9 30 10 30 Activity B C D E Total 15 52 52 18 32 148 48 164 10 20 30 51 72 91 110 132 The cumulative budgeted cost (CBC) is also referred to as the planned value (PV) or budgeted cost of work scheduled (BCWS), which is the amount that is budgeted to accomplish all the work that is scheduled to be performed up to a specific point in time. The CBC is the time-phased baseline budget that will be used to analyze the cost performance of the project MacBook