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Compute Estimate At Completion (EAC) and Variance At Completion (VAC) if both SPI and CPI influence the project work when given variables are Budget At Completion (BAC) = $22,000 Earned Value (EV) = $12,800 Planned Value (PV) = $14,200 Actual Cost (AC) = $15,000 ● Comment on the status (cost and schedule) of the project.

Compute Estimate At Completion (EAC) and Variance At Completion (VAC) if both SPI and CPI influence the project work when given variables are Budget At Completion (BAC) = $22,000 Earned Value (EV) = $12,800 Planned Value (PV) = $14,200 Actual Cost (AC) = $15,000 ● Comment on the status (cost and schedule) of the project.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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### Project Management Calculations #### 9. Compute Estimate At Completion (EAC) and Variance At Completion (VAC) Given the following project variables: - **Budget At Completion (BAC)** = $22,000 - **Earned Value (EV)** = $12,800 - **Planned Value (PV)** = $14,200 - **Actual Cost (AC)** = $15,000 Calculate the Estimate At Completion (EAC) and Variance At Completion (VAC) when both the Schedule Performance Index (SPI) and Cost Performance Index (CPI) influence project work. **Comment on the status (cost and schedule) of the project.** #### 10. Activity Duration Estimates Consider the uncertainty in the duration of some activities. The estimates are provided in the table below: | Activity | Optimistic | Most Likely | Pessimistic | |----------|------------|-------------|-------------| | A | 8 | 10 | 12 | | C | 3 | 5 | 7 | | D | 10 | 12 | 14 | | G | 13 | 15 | 17 | | H | 8 | 10 | 12 | **Explanation:** - **Activity Durations:** - **Optimistic:** The best-case scenario time estimate. - **Most Likely:** The most probable time estimate based on experience. - **Pessimistic:** The worst-case scenario time estimate. This table provides potential time frames for each activity, assisting project managers in planning and risk assessment.
Transcribed Image Text:### Project Management Calculations #### 9. Compute Estimate At Completion (EAC) and Variance At Completion (VAC) Given the following project variables: - **Budget At Completion (BAC)** = $22,000 - **Earned Value (EV)** = $12,800 - **Planned Value (PV)** = $14,200 - **Actual Cost (AC)** = $15,000 Calculate the Estimate At Completion (EAC) and Variance At Completion (VAC) when both the Schedule Performance Index (SPI) and Cost Performance Index (CPI) influence project work. **Comment on the status (cost and schedule) of the project.** #### 10. Activity Duration Estimates Consider the uncertainty in the duration of some activities. The estimates are provided in the table below: | Activity | Optimistic | Most Likely | Pessimistic | |----------|------------|-------------|-------------| | A | 8 | 10 | 12 | | C | 3 | 5 | 7 | | D | 10 | 12 | 14 | | G | 13 | 15 | 17 | | H | 8 | 10 | 12 | **Explanation:** - **Activity Durations:** - **Optimistic:** The best-case scenario time estimate. - **Most Likely:** The most probable time estimate based on experience. - **Pessimistic:** The worst-case scenario time estimate. This table provides potential time frames for each activity, assisting project managers in planning and risk assessment.
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