Using the data in the table from the previous problem:
a. Create a table.
b. For Week 4, calculate the budget at completion (B A C), planned value (P V), actual cost (A C), and earned value (E V) at Week 4.
c. For Week 4, calculate the performance measures of cost variance (C V), schedule variance (S V), the cost performance index (C P I), and the schedule performance index (S P I).
d. What can you say about the budget in Week 4 by using these performance measures?
e. What can you say about the schedule in Week 4 by using these performance measures?
f. For Week 4, calculate the estimated time to complete (E T C) and estimate at completion (E A C).
a. The table is shown above.
b. For Week 4, the budget at completion (B A C) is $2400.
The planned value (P V) is $2000.
The actual cost (A C) is $1750.
The earned value (E V) at week 4 is $2000 × .875 = $1750.
c. For Week 4, the performance measures of cost variance (C V) is $0.
The schedule variance (S V) is $-250.
The cost performance index (C P I) is 1.
The schedule performance index (S P I) is .875
d. For Week 4, using these performance measures, the project is on budget.
e. For Week 4, using these performance measures, the project is behind schedule.
f. For Week 4, the estimated time to complete (E T C) is 650 and estimate at completion (E A C) is $2400.
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