You are managing a second project that has the same time and cost specifications as those in Question 1, but which is 40% complete at the Status Date, when Actual Costs are $350,000.

Its specifications are below

Budgeted Actual Cost (BAC): $1,000,000.

Schedule time to complete: 12 months

Planned value (PV) $300,000

Actual cost (AC) $350,000

Percentage of work completed 25%

Calculate the following quantities:

Earned Value (EV)

Cost Variance (CV)

Schedule Variance (SV)

Cost performance index (CPI)

Schedule performance index (SPI)

Using your results, apply the three (3) formula listed in calculation of the Estimate at Completion (EAC) of the project.

These formulas are as follows:

EAC = AC +(BAC-EV)

EAC = BAC/CPI

EAC = AC + [(BAC-EV)/(CPI*SPI)]

EAC=AC + (BAC EV)

EAC=BAC/CPI EAC= AC + [(BAC-EV) / (CPI x SPI)].

For each of these calculations, calculate the To-Complete

Performance Index (TCPI).