planning the project

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Question 1 – Read and reflect on the assigned readings for the week (chapter – 12) and summarize what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter. Also, provide a graduate-level response to each of the following questions:

Question 2 Earned-value analysis. A project budget calls for the following expenditures:

Task

Date

Budgeted Amount

Build forms

April 1

$10,000

Pour foundation

April 1

$50,000

May 1

$100,000

Frame walls

May 1

$30,000

June 1

$30,000

Remaining tasks

July 1 and beyond

$500,000

Define each term in your own words, calculate these values for the above project, and show your work:

  • Budgeted cost baseline (make a graph illustrating this one)
  • Budget at completion (BAC)
  • Planned value (PV) as of May 1
  • Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
  • SV as of May 1.
  • Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
  • Schedule performance index (SPI)
  • Cost performance index (CPI)
  • Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
  • Estimate at completion (EAC)

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