Purchase Solution

# Given the following information for a one-year project, answ

Not what you're looking for?

Given the following information for a one-year project, answer the following questions: Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = \$23,000; EV = \$20,000; AC = \$25,000; BAC - \$120,000

What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?

Use the schedule performance index (SPI) to estimate how long it will take to finish this project.

##### Solution Summary

Given the following information for a one-year project, answer the following questions: Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = \$23,000; EV = \$20,000; AC = \$25,000; BAC - \$120,000

What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?

Use the schedule performance index (SPI) to estimate how long it will take to finish this project.

##### Solution Preview

What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

Cost variance = EV-AC=\$20,000 - \$25,000 = -\$5,000
Schedule variance = ...

##### Free BrainMass Quizzes

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

##### Introduction to Finance

This quiz test introductory finance topics.