1. Calculate the BAC for a 500’ bridge project consisting of the following element $1,000,000 per 100 feet of bridge, labor costs of $50,000 per 10 feet of bridge and a fixed cost of $500,000 for project management. List your answer for BAC
Base on the BAC, what PV can we expect at 20% completion? List your answer PV after calculating PV, and assuming EV is $2,000,000 and AC is $2,500,000 list the SV, CV, CPI and SPI for the project.
Finally Calculate the EAC based on the elements of BAC & CPI.
Be sure to list all calculated elements required in your answer to receive full credit.
2. Calculate the BAC for a new housing project consisting of the following element: $200,000 of materials, labor costs of $50,000 total and a fixed cost of $10,000 for project management. List your answer for BAC
Base on the BAC, what PV can we expect at 50% completion? List your answer PV after calculating PV, and assuming EV is $100,000 and AC is $125,000, list the SV, CV, CPI and SPI for the project.
Finally Calculate the EAC based on the elements of BAC & CPI.
Be sure to list all calculated elements required in your answer to receive full credit.
3. Describe the main steps and components of the modern project management process. For full credit describe the major phases of project management and list at least 2 tools/concepts in each phase to manage projects. Discuss in great detail for full credit.