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Earned Value Forecasts -What is the value of the “Cumulative C

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-Earned Value Forecasts
-What is the value of the “Cumulative
CPI” Estimate-at-Completion (EAC)?
-Using the “Mathematical” or “Overrun to Date” Estimate-at Completion, what is the value of the Estimate-to-Complete (ETC)?
-Using the “Cumulative CPI times SPI” Estimate-At-Completion, how much more or less money (other than the current budgeted amount) will you need to finish the project? How much would the Cost Performance Index (CPI) have to change in order to complete the project within the original budget

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Earned Value ManagementIntroducTonAll of you have had at least an introducTon to earned value management in the project managementfundamentals course. Many of you may have had the opportunity to use earned value management inyour professional careers. In pracTce, most EVM analysis results are generated by scheduling soFware orother applicaTons. As a project manager, you must have a good handle on the concepts and be able toverify the accuracy of EVM analysis results.In this assignment, you will have an opportunity to brush up and expand upon your EVM knowledge andskills by applying EVM concepts to a pracTcal problem.THIS ASSIGNMENT REQUIRES A MANUALANALYSIS – DO NOT USE MICROSOFT PROJECT.Problem BackgroundYour project consists of seven acTviTes shown in the table below, along with: (1) planned start and ±nishdates; (2) acTvity budgets; and (3) earned value (EV) accrual rules from you project cost managementplan.AssumpTons1.Assume a ±ve-day work week including holidays occurring during the work week.2.²or all acTviTes (except acTviTes 3 and 4), assume the expenditure rate is constant over theduraTon of the acTvity, i.e., the amount planned to be spent each week is the same.3.²or acTvity 3, the planned expenditure pro±le is shown below:
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Earned Value Management4.For acTvity 4, the planned expenditure profle is shown below:±he project sponsor wants you (the PM) to present a project cost and schedule per²ormance assessmentusing data through Friday, July 29, 2016. You have collected the ²ollowing in²ormaTon:
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