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How to calculate CWP, BCWS, ACWP, SV, CV, SI, and CI for each task and the whole project. RRS feed

  • Question

  • .    Consider the information about a project plan in the following table.

    Task

    Immediate

    Predecessor

    Duration

    Scheduled

    Cost/Day

    A

    -

    3

    $1,000

    B

    -

    5

    $2,000

    C

    A

    4

    $4,000

    D

    B

    7

    $1,000

    E

    C

    6

    $2,000

    F

    D

    8

    $3,000

    The following table shows the weekly control reports for the first two weeks (assume 5 working days each week).

    End of Week 1

    End of Week 2

    Task

    Actual %

    Completed

    Cumulative

    Actual Cost

    Actual %

    Completed

    Cumulative

    Actual Cost

    A

    60%

    $1,500

    100%

    $ 2,900

    B

    30%

    $3,000

    100%

    $11,000

    C

    10%

    $2,000

    100%

    $13,500

    D

    0%

    $        0

    90%

    $10,000

    E

    0%

    $        0

    50%

    $ 4,000

    F

    0%

    $        0

    0%

    $        0

    a. Use the earned value approach to calculate BCWP, BCWS, ACWP, SV, CV, SI, and CI for each task and the whole project.

    b. Calculate the total variance and time variance for the project at the end of week 2.

    c. Use the original estimate approach and the revised estimate approach to respectively estimate the final cost of this project at the end of week 1.

    d. Use the original estimate approach and the revised estimate approach to respectively estimate the final cost of this project at the end of week 2.


    Tuesday, October 6, 2015 2:16 PM

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