EAC formula qn
Submitted by BK on Mon, 03/11/2013 - 11:19
Can anybody help me with solving below qn with justification please?
Your project sponsor has asked you for a status report of your project, you are required to include Estimate at Completion information in the report based on the following data. What would be the EAC? |
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AP
Mon, 03/11/2013 - 11:33
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I guess if nothing is
I guess if nothing is mentioned in the question about the varainces, we should consider it as TYPICAL variance.
Hence EAC = BAC / CPI
CPI = EV / AC = 250000 / 350000 = 0.714
EAC = 500000 / 0.714 = 700280.11
Regards,
Arun.
sspawar
Mon, 03/11/2013 - 12:02
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700000
700000
BK
Mon, 03/11/2013 - 13:54
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Explanation given
Explanation given as:
CPI=EV/AC
= 250,000/350,000=0.714
EAC= AC + (BAC-EV)/CPI (is this a valid formula? )
= 350,000+ (500,000-250,000)/0.714
= 350,000+ (250.000)/0.714
= 700,000
Can you guys help me here?
AP
Mon, 03/11/2013 - 13:58
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Hi BK, This is same as the
Hi BK,
This is same as the formula which I have mentioned.
EAC = AC + (BAC-EV)/CPI is the formula that was given in PMBOK guide third edition.
In fourth edition, the same formula is simplified to EAC = BAC / CPI. Both the formulae are correct.
Kindly refer this url which clearly derives the eauation.
http://www.deepfriedbrainproject.com/2010/01/solving-estimate-at-completion-puzzle.html
Regards,
Arun.
BK
Mon, 03/11/2013 - 14:09
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thanks..
thanks..
sunitaPMP
Mon, 03/11/2013 - 15:23
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Hi BK,Can I have 4 options
Hi BK,
Can I have 4 options for this question?
BK
Mon, 03/11/2013 - 16:20
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$ 516,000$ 155,000$ 700,000$
$ 516,000
$ 155,000
$ 700,000
$ 850,000
Fyi..
sunitaPMP
Mon, 03/11/2013 - 16:38
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Tahnks BK And correct ans is
Tahnks BK
And correct ans is $700,000?
BK
Mon, 03/11/2013 - 17:03
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yes
yes