Subject:- Project Management Project is to build a four-sided fence: Each side i
ID: 448364 • Letter: S
Question
Subject:- Project Management
Project is to build a four-sided fence:
Each side is to take one day and is budgeted for $2,000 per side. The sides are planned to be completed one after the other.
***Status at the end of day 3:
• Side 1 is 100% complete—Spent $2,000
• Side 2 is 100% complete—Spent $ 2,500
• Side 3 is 50% complete—Spent $1,700
• Side 4 has not started 0% complete—Spent $0.00
Answer the following:
Note-All parts of the grid need to be answered
Please put your answer in the "Answer Box" below and NOT in the Chart
What Is
Calculation
Answer
Interpretation of Answer
PV
EV
AC
BAC
CV
CPI
SV
SPI
EAC
ETC
VAC
What Is
Calculation
Answer
Interpretation of Answer
PV
EV
AC
BAC
CV
CPI
SV
SPI
EAC
ETC
VAC
Explanation / Answer
What Is
Calculation
Answer
Interpretation of Answer
PV
=2000+2000+2000
6000
EV
=2000+2000+1000
AC
=2000+2500+1700
6200
BAC
=2000+2000+2000
6000
CV
EV-AC=5000-6200
-1200
PROJECT IS EXCEEDING BUDGET
CPI
EV/AC=5000/6200=.806
0.806
CPI<1 HENCE PROJECT EXCEEDS BUDGET
SV
SPI
EV/PV=5000/6000
0.833
SPI<1 MEANS PROJECT ACHIVED IS LESS THAN PLANNED
EAC
AC+(BAC – EV) / CPI
=6200+(6000-5000)/.806
=7440.69
ETC
(BAC – EV) / CPI
=(6000-5000)/0.806
=1240.695
VAC
BAC-EAC=6000-7440.69
-1440.69
What Is
Calculation
Answer
Interpretation of Answer
PV
=2000+2000+2000
6000
EV
=2000+2000+1000
5000AC
=2000+2500+1700
6200
BAC
=2000+2000+2000
6000
CV
EV-AC=5000-6200
-1200
PROJECT IS EXCEEDING BUDGET
CPI
EV/AC=5000/6200=.806
0.806
CPI<1 HENCE PROJECT EXCEEDS BUDGET
SV
SPI
EV/PV=5000/6000
0.833
SPI<1 MEANS PROJECT ACHIVED IS LESS THAN PLANNED
EAC
AC+(BAC – EV) / CPI
=6200+(6000-5000)/.806
=7440.69
ETC
(BAC – EV) / CPI
=(6000-5000)/0.806
=1240.695
VAC
BAC-EAC=6000-7440.69
-1440.69