Two IT projects (A & B) both are of 2 years duration. Budget allocation for Project A is $40,000 whereas Project B is $100,000. The data given in the following table is for the first six months:

Using the EVM formulas, answer the following questions AND SHOW WORKING OUT! :

1. Which project is likely to finish on time and within the allocated budget?

2. What will be the typical estimated cost at completion (EAC) for Project A. Explain what EAC value means for Project A?

3. What will be the typical estimated time to complete Project B. Will Project B be completed within the scheduled time?

Tip: You will need to calculate ETC first before getting to EAC

Two IT projects (A \& B) both are of 2 years duration. Budget allocation for Project A is $40,000 whereas Project B is $100,000. The data given in the following table is for the first six months