Estimate at Completion Problem
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Note: I am an adult continuous learner. I started to learn EVM at work; however, I am hitting a wall with the EVM problems I am posting. Since I am a visual learner and learn by example, I need the following completed.
1) Provide and show all answers and step by step work to obtain the answer, not skipping any steps. Show all equations, acronyms (ie ETC, ACWP, etc), and if applicable, a description of how you came to the answer. Thanks.
Problem:
If TCPI = 1.00, BCWP=40, ACWP=60, and BAC = 100, then EAC is most likely?
a) overstated
b) understated
c) accurate
d) not enough information.
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Solution Summary
The expert estimates at completion problems for applications. Equations are provided.
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Thanks for the opportunity.
BCWP (Budgeted cost of work performed) or EV (earned value) is the budgeted cost of work that was performed during the scheduled task.
ACWP (Actual Cost of Work Performed) or AC (actual cost) is the actual cost of the project.
CPI (Cost Performance Index) indicates how well the project manager ...
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