A project has a projected timeframe of 3 months with a planned budget of $240,000 ($130,000 is month one, $60,000 in month two, and $50,000 in month three). At the end of month one, the project has the following tasks and costs:
Planned Actual
Task 1: 12,000 6,000 (task is complete)
Task 2: 30,000 44,000 (task is complete)
Task 3: 2,000 5,000 (task is complete)
Task 4: 60,000 62,000 (task is complete)
Task 5: 26,000
Total: $130,000
1) What is the budget at completion for this project? ____$154.000_________
2) What is the actual cost to date for this project at the end of month one? _____$43.000__
3) What is the EV, CV, and SV for this project?
EV is _____$106.000____.
CV is _________.
SV is _________.
4) What is CPI and SPI for this project?
CPI is __________. Is it over or under budget? __________
SPI is __________. Is it over or under schedule? _________
5) Assume a typical variance and calculate ETC and EAC.
6) Assume an atypical variance and calculate ETC and EAC.