Management homework help. 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)

Watt, A. (2019). Project Management, 2nd Edition. BCcampus Open Education. 

Management homework help