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Question 1. With Reference To The Diagram Below, It Can Be Inferred That The Project Is Currently:
Answer :
As of today, AC > PV = over budget and EV < PV = behind schedule, so the project is both “behind schedule and over budget”.
Question 2. If A Project Has A Cost Performance Index (cpi) Of 0.90, This Means That:
Answer :
The Cost Performance Index (CPI) represents the performance of the project in terms of budget up to the moment. If it is smaller than 1, the project is currently over budget (i.e. has spent more than what has been planned).
Question 3. If A Project Has A To Complete Performance Index (tcpi) Of 0.90, This Means That:
Answer :
The To Complete Performance Index (TCPI) is the efficiency needed to finish the project on budget. If it is smaller than 1, that means that we have more money left on the budget than the remaining Planned Value (PV) to achieve. Therefore, in theory, we can spend more money yet can still finish the project on budget. (However, in reality, it is generally preferred to finish the project under budget. A TCPI smaller than 1 is a good sign that the project is going healthy.)
Answer :
CPI < 1 = over budget and SPI < 1 = behind schedule, so the project is both “behind schedule and over budget”.
Answer :
By definition, Estimate to Completion (ETC) is the amount of money we need to put into the project from today in order to complete it.
Answer :
By definition, Planned Value (PV) is how much value of work was scheduled to achieve to date.
Answer :
SV = EV – PV
SV = $1000 – $800 = $200
Note that the Actual Cost (AC) is not used in the calculation.
Answer :
CV = EV – AC
CV = $1000 – $800 = $200
Note that the Planned Value (PV) is not used in the calculation.
Answer :
The formula to be used to calculate SPI is:
SPI = EV / PV
SPI = $250 / $350 = 0.71
Answer :
The formula to be used to calculate CPI is:
CPI = EV / AC
CPI = $250 / $200 = 1.25
Answer :
As the project will be impacted by the current cost performance and current schedule performance,
the formula would be:
EAC = AC + [(BAC-EV)/(SPI*CPI)]
EAC = $400 + [($1000 – $360) / (0.9 * 0.9)] = $1190
Answer :
As no information is given on the future performance of the project, we could safely assume that the project will spend at the same rate.
So we will make use of the formula:
EAC = BAC / CPI
$120,000 = BAC / 0.90
BAC = $120,000 * 0.90 = $108,000
Answer :
The formula to be used to calculate CPI is:
CPI = EV / AC
CPI = $500,000 / $500,000 = 1.0
Answer :
Since the road is assumed to be paved linearly, i.e. 2km of road per month. At the end of 3rd month, the PV should be $6,000 (for 6km of road).
The formula to be used to calculate SPI is:
SPI = EV / PV
CPI = $8,000 / $6,000 = 1.33
Answer :
As the project will continue to spend at the same current rate,
the formula to be used would be:
VAC = BAC – EAC
EAC = BAC/CPI
CPI = EV/AC
VAC = BAC – BAC/(EV/AC) =$1000 – $1000/($300/$350) = -$167
Answer :
As the project will continue to spend at the same current rate,
the formula to be used would be:
EAC = BAC/CPI
CPI = EV/AC
EAC = BAC/(EV/AC) = $1000 / ($300/$250) = $833
Answer :
As the project will be impacted by the current cost performance and current schedule performance,
the formula would be:
EAC = AC + [(BAC-EV)/(SPI*CPI)]
SPI = EV / PV = $350 / $400 = 0.875
CPI = EV / AC = $350 / $300 = 1.167
EAC = BAC/(EV/AC) = $300 + [($1000 – $350) / (0.875 * 1.167)] = $937
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