homework #6 - Arvind Sandhu CEE 422 Assignment#6"I pledge...

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Arvind Sandhu CEE 422 - Assignment #6 "I pledge to uphold the CEE honor code" Project 1: a) BCWS 200,000.00 $ BCWP 280,000.00 $ ACWP 160,000.00 $ BAC 280,000.00 $ 1.75 1.4 2.45 b) Estimate at completion (EAC) EAC = ACWP + [(BAC - BCWP)/CPI] EAC = 160000 + [(280000 - 280000)/1.75] EAC = 160,000.00 $ c) Variance at completion (VAC) VAC = BAC - EAC VAC = 280000-160000 VAC = 120,000.00 $ d) Cost performance index (CPI) (BCWP/ACWP) Schedule performance index (SPI) (BCWP/BCWS) Cost Schedule index (CSI) (CPIxSPI) Since the CPI (1.75) is over 1, the project is under budget. Since the SPI (1.4) is over 1, the project is ahead of schedule. Lastly, the project is not very likely to recover because as the CSI (2.45) gets further from 1, the less likely it is to recover. Project 1 is completed at week 24, that too under budget and ahead of schedule. You can see this from the calculations of CPI and SPI, and also from the graph. Since the VAC is positive, there is a good projected cost performance for the remaining work.
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Project 2: a) BCWS 240,000.00 $ BCWP 200,000.00 $ ACWP 160,000.00 $ BAC 280,000.00 $ 1.25 0.83333333 1.04166667 b) Estimate at completion (EAC) EAC = ACWP + [(BAC - BCWP)/CPI] EAC = 160000 + [(280000 - 200000)/1.25] EAC = 224,000.00 $ c) Variance at completion (VAC) VAC = BAC - EAC VAC = 280000-224000 VAC = 56,000.00
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