Calculate CPI and TCPI and comment on whether our cost management in the following project is reasonable. Give your answers to 2 decimals places. BAC=$20,000 EV=$19,000 PV=$19,000 AC=$17,000 CPI=Answer TCPI=Answer How reasonable is the prediction that we will finish the project on budget? Given our performance so far: We are being too optimistic thinking that we will complete the project on budget - we will probably finish the project over budget It is a reasonable assumption to think that we will complete the project on budget We are being too conservative - we will come in well under budget at this rate
Calculate CPI and TCPI and comment on whether our cost management in the following project is reasonable. Give your answers to 2 decimals places. BAC=$20,000 EV=$19,000 PV=$19,000 AC=$17,000 CPI=Answer TCPI=Answer How reasonable is the prediction that we will finish the project on budget? Given our performance so far: We are being too optimistic thinking that we will complete the project on budget - we will probably finish the project over budget It is a reasonable assumption to think that we will complete the project on budget We are being too conservative - we will come in well under budget at this rate
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
Problem 5TY
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Question
Calculate
- BAC=$20,000
- EV=$19,000
- PV=$19,000
- AC=$17,000
CPI=Answer
TCPI=Answer
How reasonable is the prediction that we will finish the project on budget? Given our performance so far:
We are being too optimistic thinking that we will complete the project on budget - we will probably finish the project over budget
It is a reasonable assumption to think that we will complete the project on budget
We are being too conservative - we will come in well under budget at this rate
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