Question: You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to
You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $ 300,000. Construction is expected to take 5 weeks. You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet. So far you have spent $118, 000 and the expectations is that project expenses will continue at this rate of for the project duration. Calculate these Earned Value Metrics 1- Budget at completion (BAC) 2- Planned value : what our planned value at this time 3-Earned Value 4- Actual Cost 5- Cost Variance 6- Schedule Variance 7-Cost performance index 8- Schedule performance index
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
