Question 1 (a) – Project 1 (15 marks)

| May 16, 2019

Question 1 (a) – Project 1       (15 marks)  
You are managing a project that is scheduled to take 12 months to complete and has a budgeted actual cost (BAC) of $2,100,000.  
At the Status Date, the project has the following characteristics:  
Planned value (PV)    $600,000 Actual cost (AC)    $650,000 Percentage of work completed  26%  
Calculate the following quantities:  
Earned Value (EV)          

Cost Variance (CV)         

Schedule Variance (SV) (2 marks) Cost performance index (CPI) (2 marks) Schedule performance index (SPI) (2 marks)   Using your results, apply the following three (3) formulae to the calculation of the Estimate at Completion (EAC) of the project. These formulae, and an explanation of their use, are listed in Table 7-1 on page 267 of the text:  
EAC=BAC/CPI EAC=AC + (BAC – EV) EAC= AC + [(BAC-EV) / (CPI x SPI)]. 
(4 marks) 
  SUB- TOTAL FOR QUESTION 1 (a)          
You are managing a second project that has the same time and cost specifications as those in Question 1 (a), but which is 38% complete at the Status Date, when Actual Costs are $650,000.  
Its specifications are below  
Budgeted Actual Cost (BAC): $2,100,000. Schedule time to complete: 12 months  
At the Status Date, the project has the following characteristics:  
Planned value (PV)    $600,000 
4  
Actual cost (AC)    $650,000 Percentage of work completed  38%  
Calculate the following quantities:  
Earned Value (EV)          
(3 marks) 
Cost Variance (CV)         Schedule Variance (SV) (2 marks) Cost performance index (CPI)  Schedule performance index (SPI) (2 marks)   Using your results, apply the following three (3) formulae to the calculation of the Estimate at Completion (EAC) of the project. These formulae, and an explanation of their use, are listed in Table 7-1 on page 267 of the text:  
 EAC=BAC/CPI  EAC=AC + (BAC – EV)  EAC= AC + [(BAC-EV) / (CPI x SPI)]. 

  SUB- TOTAL FOR Question 1 (b)        
Question 1 (c) (about 500 words)          
Compare the two projects from the point view of project performance, paying particular attention to the following:         Cost Variance (CV) Schedule Variance (SV)       (2 marks per project) Cost performance index (CPI) (2 marks per project) Schedule performance index (SPI) (2 marks per project) Estimated Actual Cost (EAC) of the project (2 marks per project) A brief assessment of the overall project performance, including any necessary measures required to successfully complete the project  (5 marks per project)   Total Marks per project 15 marks per project    SUB- TOTAL FOR Question 1 (c)                

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