Question

Today is the end of the 10th day. The project budget is estimated as $100,000. It has costed the project $50,000. You’ve planned to finish $60,000 amount of work so far. You’ve completed $35,000 amount of work so far. Calculate the followings, show calculation and provide conclusion statement in plain English.

Current Month, BAC, AC, PV, EV

Answer 1

The current month is not specified. BAC = $50,000, AC = $50,000, PV = $60,000, EV = $35,000

Step-by-step explanation:

The current month is not specified in the question.

The BAC (Budget at Completion) can be calculated by subtracting the cost of the project from the estimated budget: $100,000 - $50,000 = $50,000.

The AC (Actual Cost) is the cost of the project incurred so far: $50,000.

The PV (Planned Value) is the planned cost of the work scheduled to be completed at this point: $60,000.

The EV (Earned Value) is the actual value of the work completed so far: $35,000.