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Earned-value analysis. A project budget calls for the following expenditures:
Budgeted Amount
Build forms
April 1
Pour foundation
April 1
May 1
Frame walls
May 1
June 1
Remaining tasks
July 1 and beyond
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)