assignment work(Planning the project)

  

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

  

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)