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) formulae listed in calculation of the Estimate at Completion (EAC) of the project.

These formulae 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).