W8EVM_Assignment_BG6MCZ

BG6MCZ XXXXXXXXX Activity 4 8 12 16 20 24 28 Concept Design $500 $1,500 $2,000 $3,600 $3,000 $1,500 Proposal $450 $4,500 $100 $100 $4,500 Negotiations $500 $1,200 Resource Acquisition $500 Training $300 $750 $950 Modeling $400 $1,000 Planning $2,000 $500 $3,000 $2,000 Testing $1,000 $4,000 Control $1,200 $2,000 Quality Assurance $100 $500 $500 $500 $500 $3,500 Scope Verification $1,000 $1,000 $6,000 Contract Closure $2,000 $4,000 Total Cumulative Total $500 $2,550 $8,800 $8,550 $9,050 $10,700 Acual Cost $500 $3,500 $11,000 $5,500 $8,000 $8,000 Cumulative Actual Cost BAC SV ($10,470) SPI by Month 0.74 CPI 0.81 CV ($6,820) EAC i. Calculate the Total Budget at Completion ( BAC ) for the project ii. Calculate the Schedule Variance and the SPI for this project at the end of the 24th month iii. Calculate the Cost Variance and the CPI for the project at the end of the 24th month iv. Calculate the Estimate at Completion v. Is the project on budget / over budget / under budget? What is showing you this? Based on the fact that the CV is negative ($6820) and the EAC ($49567.90) is greater than the BAC ($401 To sum up, according to the data provided, the project budget was overrun, that is, the project exceeded vi. What might this mean in terms of upcoming payments for this project? Based on the provided data indicating that the project is over budget, it suggests that there may be upco Since the project is over budget, it implies that the actual costs have exceeded the planned budget. As a Payment for remaining work: To complete the project, additional payments may be required to cover the Adjustments in funding: The project team may need to request additional funding from stakeholders or s Contractual obligations: If the project involves contracts with vendors or suppliers, there might be upcom It is essential to assess the current financial situation of the project, identify the cost overruns, and devel a. Is the project on schedule / ahead of schedule / behind schedule? What is showing you this? To determine whether the project is on schedule, ahead of schedule, or behind schedule, we need to ana SV (Schedule Variance) measures the difference between the earned value (EV) and the planned value (P SPI (Schedule Performance Index) reflects the efficiency of schedule performance by comparing the earn Based on SV and SPI values, we can conclude the following:

Is the project on schedule/ahead of schedule/behind schedule? Based on the negative SV (-$10470) and Therefore, according to the provided data, the project is behind schedule, indicating that the actual prog

gress is slower than planned. This delay could have implications for project milestones, deadlines, and overall

tments, the project team can better manage the project's financial aspects and mitigate the impact of being ov

ver budget.