Analyzing and Using EVM Metrics

400 words

Students are assigned problems from the course textbook, Kerzner, H. (2013). Project Management: A Systems Approach to Planning, Scheduling, and Controlling (11th ed.). Hoboken, NJ: John Wiley & Sons. Problem 15-15 on page 822 (Note: Problem 15-15 requires completion of Table 15-15 on page 822.)Complete Table 15-15. You do not need to post this table on the Discussion Board as part of your answer, but you should retain a personal copy to justify your responses to the Discussion Board postings. The following additional information is needed to solve the problem: Use a value of 1,000 for the budget at completion (BAC). Assume that by Week 15, the project is 50% complete overall. Use the following formula to calculate estimate at complete (EAC). EAC = BAC / CPI This means that you will also need to calculate cost performance index (CPI) for each of the 15 periods of budgeted cost of work scheduled (BCWS). After completing Table 15-15, answer the following by posting to the Discussion Board:  What are your conclusions about the EAC for this project? Is anything missing in the estimate for EAC? That is, do you need more information? Or do you need to employ a different calculation to get a clearer picture of the EAC? Defend and explain your answer.