Project Planning Problem Set

Project Planning Problem Set

Earned-value analysis. A project budget calls for the following expenditures:

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Task                                       Date                                             Budgeted Amount

Build forms                      April 1                                          $10,000

Pour foundation          April 1                                          $50,000

May 1                                          $100,000

Frame walls                     May 1                                          $30,000

June 1                                         $30,000

Remaining tasks          July 1 and beyond                $500,000

Define each term in your own words, calculate these values for the above project, and show your work:

  1. Budgeted cost baseline (make a graph illustrating this one)
  2. Budget at completion (BAC)
  3. Planned value (PV) as of May 1
  4. Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
  5. SV as of May 1.
  6. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
  7. Schedule performance index (SPI)
  8. Cost performance index (CPI)
  9. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
  10. Estimate at completion (EAC)

Textbook:

Watt, A. (2019). Project Management, 2nd Edition. BCcampus Open Education.

https://opentextbc.ca/projectmanagement/