Earned Value formulas. • SV = EV - PV; SPI = EV/PV • CV = EV - AC; CPI = EV/AC • CR = SPI x CPI Prob. 1. Find the schedule variance(SV) and cost variance (CV) for a project underway that has an actual cost (AC) of $540,000, a scheduled cost (PV) of $523,000, and an earned value (EV) of $535,000. Prob. 2. A project in progress had an actual cost of $34,000, a planned cost of $42,000, and a value completed of $39,000. Find the spending (cost) and schedule variances and the CPI and the SPI. What is the Critical Ratio (CPI times SPI)? Prob. 3. A construction project underway exhibits an actual cost of $78,000, and a scheduled cost of $84,000. The foreman estimates a value completed of $81,000. What are the spending and schedule variances? What is the critical ratio?

Earned Value formulas. • SV = EV - PV; SPI = EV/PV • CV = EV - AC; CPI = EV/AC • CR = SPI x CPI Prob. 1. Find the schedule variance(SV) and cost variance (CV) for a project underway that has an actual cost (AC) of $540,000, a scheduled cost (PV) of $523,000, and an earned value (EV) of $535,000. Prob. 2. A project in progress had an actual cost of $34,000, a planned cost of $42,000, and a value completed of $39,000. Find the spending (cost) and schedule variances and the CPI and the SPI. What is the Critical Ratio (CPI times SPI)? Prob. 3. A construction project underway exhibits an actual cost of $78,000, and a scheduled cost of $84,000. The foreman estimates a value completed of $81,000. What are the spending and schedule variances? What is the critical ratio?

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter15: Decision Analysis

Section: Chapter Questions

Problem 24P: Translate the following monetary payoffs into utilities for a decision maker whose utility function...

See similar textbooks

Similar questions

4. Budget at completion (BAC) Assessment date Expenditures Planned value (PV) Earned value (EV) - Actual cost (ACI End of project Time after project start a. Explain the above diagram regarding the project details. What is the status of the project at the assessment date (Time 4 after project start)? Explain with reference to Cost Variance and Schedule Variance. b. What can be done to improve in the project from this point onwards?
If the regression method indicated the intercept = $30 and the slope = $20 for a cost function, then:
Consider two assets with expected return R1=0.22,R2=0.55and variance are s1=0.80, s2=0.88 and r12=0.55 respectively.A portifolio with weights W1=0.25 and W2= 0.65 is formed calculate the expected return and variance of the portifolio
Q.Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.)
What is the cost price variance? A. 8,000U B. 6,000F C. 9,000U D. 7,500U
1. Calculate the project profitability index for each product. 2. Calculate the simple rate of return for each product. 3. For each measure, identify whether Product A or Product B is preferred.
The IRR of the project is _____ %?
How did they come up with the Total Project Benefit Costs, Yearly NPV, and Cumulative NPV? We are using the formula attached.
use table to get the value Investment for problem 2 is 7,407
b) Using data provided below, compute appropriate values and fill the table below to help identify the least risky and most risky project among alternatives A, B and C using appropriate criteria. Project EV D D2 Var St. dev Coef.0f Var TT 12 0.2 A 18 0.7 28 0.1 10 0.3 В 22 0.6 32 0.1 11 0.1 C 21 0.8 31 0.1 Where n denotes the profit, P is the probability, EV stand for Expected value, D is the Deviation, D$ denote the deviation square, St. dev is the standard deviation and finally Coef.of Var is the coefficient of variation.
STANDARD COSTING ASSIGNMENT ( SOLVE ONLY 1- 17)|| 1-10 Spots Inc. uses a standard cost system for its production process. Spots applies overhead based on direct labor hours. The following information is available for July: Standard: Actual: Direct labor hours per unit Variable overhead per hour Fixed overhead per hour (based on 11,990 DLH) P3.00 2.20 Units produced Direct labor hours 4,400 8,800 P29,950 P42,300 P 2.50 Variable overhead Fixed overhead
Suppose the net present values of projects A and B show a distribution as follows. a) Compare the projects by expected value criteria?b) Compare the projects by standard deviation criteria?c) Evaluate A and B projects according to the coefficient of variation criterion?Calculate on paper.