PV = RP = AC = EV = CV = SV =            CPI = SPI = EAC = ETC =

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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Your team has a plan to build 100 gadgets in 10 weeks.

The plan is to make 10 gadgets per week (10 gadgets per week x 10 weeks = 100 gadgets).

The plan states that:

During the first 4 weeks, it should cost $1,000 each week to make 10 gadgets per week.

The next 6 weeks it should cost $500 each week to make 10 gadgets per week because of the efficiency gains.

At the end of the 8th week (i.e. finished the 8th week and getting ready to start the 9th week), the team has made 60 gadgets and has spent $7500.

 

At the end of week 8, what are PV (Planned Value), RP (Rate of Performance), AC (Actual Cost), EV (Earned Value), CV (Cost Variance), SV (Schedule Variance), CPI (Cost Performance Index), Schedule Performance Index (SPI), EAC (Estimate At Completion), and ETC (Estimate Time to Complete)?

(Please Show work for each)

Provide your answer for Question in this area and expand it out as necessary.

 

PV =

RP =

AC =

EV =

CV =

SV =           

CPI =

SPI =

EAC =

ETC =

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