Reference no: EM132800168
Given a project with the following characteristics:
- You are the project manager of a project to build fancy birdhouses.
- You are to build two birdhouses per month for 12 months.
- Each birdhouse is planned to cost $100.
- Your project is scheduled to last for 12 months.
- It is the beginning of month 10.
- You have built 19 birdhouses and the cost incurred is $2200.
Answer the following questions.
Show your formulas and calculations.
a. What are your CPI and SPI? How is the project performing?
b. What is the CV and SV of the project respectively?
c. How is the project performing?
d. Assuming that the cost and schedule variances experienced so far in the project will continue, how much more money will take to complete the project?
e. If the variances experienced so far were to stop, what is the project's estimate at completion?
f. What is the project's TCPI using the project's budget at completion.
g. Senior management wants to know the percentage of the project that is complete. What would you report?
h. What is the project's VAC at completion? Explain your answer.
i. Imagine if instead of 10 months and costing $2200, the project was in month three and costing $4000. What will be the value for EAC?