Question: Review the Table below and respond to the questions.
| Week |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
| Activity |
$60K |
|
$40K |
|
|
$90K |
|
| BCWS |
60,000 |
25,000 |
15,000 |
- |
30,000 |
30,000 |
30,000 |
| BCWP |
60,000 |
|
25,000 |
15,000 |
30,000 |
30,000 |
30,000 |
| AC |
62,000 |
|
26,000 |
15,000 |
32,000 |
33,000 |
30,000 |
This project has three completed activities whose durations are indicated by the blue bars in row 2. The budgeted cost of work scheduled for each task is shown on the bar in row 2. The budgeted cost of work scheduled for each week is shown on row 3. Notice that the amounts in row 3 add up to the amounts shown on the bars. Rows 4 and 5 indicate the budgeted cost of work performed and actual cost. Notice that the second task started a week late.
- What is the planned value (PV) at the end of week three?
- What is the earned value (EV) at the end of week three?
- What is the actual cost (AC) at the end of week three?
- What is the cost variance (CV) at the end of week three?
- What is the schedule variance (SV) at the end of week three?
- What is the planned value (PV) at the end of week seven?
- What is the earned value (EV) at the end of week seven?
- What is the actual cost (AC) at the end of week seven?
- What is the cost variance (CV) at the end of week seven?
- What is the schedule variance (SV) at the end of week seven?
- What is the cost performance index (CPI) at the end of week seven?
- What is the schedule performance Index at the end of week seven?
- If the budget at completion (BAC) for this project is $500,000, what is the Estimate to Complete (ETC) at the end of week seven if the cost and schedule variances experienced are typical of the remainder of the activities?
- Based on your answer to the previous question, what is the estimate at completion (EAC) for this project?