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In: Operations Management

The project has a critical path that is 4 months long. We are now part way...

The project has a critical path that is 4 months long. We are now part way into the execution phase where we had planned to have 47% of the work done by now. We have spent $369,178 of the total budget of $846,984. We have completed 63% of the activities. What is the ETC?

(a) $313,384 (b) $369,178 (c) $682,562 (d) $846,984

The project has a critical path that is 4 months long. We are now part way into the execution phase where we had planned to have 47% of the work done by now. We have spent $369,178 of the total budget of $846,984. We have completed 63% of the activities. What is the PV?

		(a) $369,178
		(b) $398,082
		(c) $533,600
		(d) $846,984

The project has a critical path that is 4 months long. We are now part way into the execution phase where we had planned to have 47% of the work done by now. We have spent $369,178 of the total budget of $846,984. We have completed 63% of the activities. What is the cost variance (CV)?

(a) $71,348

(b) $164,422

(c) $288,145

(d) $686,093

The project has a critical path that is 4 months long. We are now part way into the execution phase where we had planned to have 47% of the work done by now. We have spent $369,178 of the total budget of $846,984. We have completed 63% of the activities. What is the SPI?

		(a) 0.32
		(b) 1.23
		(c) 1.34
		(d) 1.38

Expert Solution

Question 1:

Planned work = 47%

Budget = BAC = $846,984

Planned Value = PV = Planned work * BAC = 47% * 846,984 = $398,082.48‬

% work completed = 63%

Earned Value = EV = % work completed * BAC = 63% * 846,984 = $533,599.92‬

Actual spent = AC = $369,178

Expected to complete ETC = BAC - EV = 846,984 - 533,599.92 = $313,384

Answer: (a) $313,384

Question 2:

As seen from above, Planned value = PV = $398,082.48‬

Answer: (b) $398,082

Question 3:

CV = EV - AC = 533,599.92 - 369,178 = $164,421.92

Answer: (b) $164,422

Question 4:

Schedule Performance Index = SPI = EV / PV = 533,599.92 / 398,082.48‬ = 1.3404

Answer: (c) 1.34

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