consider the following summary interim cost reports of a project, say in week 10. Assume that A, B, C and D are the only work packages in the project. Activity Total Budgeted cost for the activity Budgeted cost of work scheduled (PV) % Complete Actual Cost EV CV SV A $1,000 $1,000 100 $1,100 B $1,000 $700 50 $900 C $1000 $0 0 $0 D $1,000 $500 60 $400 (Hint: One of the columns gives you PV directly. There is no need to separately calculate it.) a) Calculate the EV, CV and SV for each activity . What is your assessment of the progress of each activity? Calculate the EV, CV, SV, CPI and SPI for the project, and the critical ratio (CR). What is your assessment of the entire project so far based on these calculations?
consider the following summary interim cost reports of a project, say in week 10. Assume that A, B, C and D are the only work packages in the project.
| Activity |
Total Budgeted cost for the activity |
Budgeted cost of work scheduled (PV) |
% Complete | Actual Cost | EV | CV | SV | |
| A | $1,000 | $1,000 | 100 | $1,100 | ||||
| B | $1,000 | $700 | 50 | $900 | ||||
| C | $1000 | $0 | 0 | $0 | ||||
| D | $1,000 | $500 | 60 | $400 | ||||
(Hint: One of the columns gives you PV directly. There is no need to separately calculate it.)
a) Calculate the EV, CV and SV for each activity . What is your assessment of the progress of each activity? Calculate the EV, CV, SV, CPI and SPI for the project, and the critical ratio (CR). What is your assessment of the entire project so far based on these calculations?
b) There are several formulae available for calculation of the Estimated (remaining cost) to completion (ETC). Once you have ETC, you can calculate
Projected (total cost) estimated at completion (EAC) as ETC + AC
Consider the following two versions for calculating ETC.
Method I: ETC = (Budgeted cost of all remaining work) / CPI
i.e., ETC = (BAC – EV) / CPI , where BAC is Budget at completion.
Method II:
ETC = Budgeted Cost for all remaining work
Calculate the Projected (total cost) estimated at completion (EAC) = ETC + AC for the project using the two methods.
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