University of The Cumberlands Budgeted Cost Baseline Discussion Questions
Description
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:
- Budgeted cost baseline (make a graph illustrating this one)
- Budget at completion (BAC)
- Planned value (PV) as of May 1
- Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
- SV as of May 1.
- Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
- Schedule performance index (SPI)
- Cost performance index (CPI)
- Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
- Estimate at completion (EAC)
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