What is the planned value pv for the project

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Reference no: EM133251548

CASE STUDY - EARNED VALUE MANAGEMENT

Imagine that you have been asked to work on a 7-month project with a total budget of $7 000. You are now at month three (3) in the project and based on your plan, you should have utilized a total of $3 000 out of the total budget. Upon analysis of the data, you realized that you have actually spent $4 000 out of the budget, to get the project to where it currently is. You also realized that the value of the work actually completed at this point, equates to $2 500.

Question A. What is the Budgeted Cost at Completion (BAC)?

Question B. What is the Planned Value (PV) for the project at the end of month three (3)?

Question C. What is the Earned Value (EV) at the end of month three (3)?

Question D. What is the Actual Cost (AC) at the end of the week for the project?

Question E. Is the project ahead of schedule or behind schedule? (Show working using variance and performance index)

Question F. Is the project over budget or not? (Show working using variance and performance index)

Question G. What is the Expected Cost at Completion (EAC), given current trends?

Question H. What is the Variance at Completion (VAC), given current trends?

Question I. What is the Estimated Cost to Complete (ETC) the project, given current trends?

Question J. When is the project scheduled to end (SAC), given current trends? Round up your answer where applicable)

Question K. What is the To Complete Performance Index (TCPI), given the trends?

Reference no: EM133251548

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