Facilitation Skill for Agile Leaders

EAC (Scordo) Mock Exam 5, Q 27

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VCAB
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EAC (Scordo) Mock Exam 5, Q 27

Postby VCAB Sun Apr 09, 2017 3:19 pm

Kindly help me understand this question:
Your VP has asked you what the estimate at completion is going to be be for a small project you are working on. You were given a budget $30K and to date, you have spent $20K but only completed $10K worth of work. You are sure that the future work will be accomplished by the planned rate
A: 40K
B: 30K
C: 60K
D: 10K

So, since I didn't see words are atypical, or a small change that was adjusted or any word that signal that the process experienced a hiccup, I used the EAC= BAC/CPI and I chose B. However, the book says that the formula is EAC= AC+ (BAC-EV)

Mine:
BAC= 30K
AC= 20K
EV= 10K
CPi= 10/20= .5
EAC= 30/.5= 60K

Book:
20+ (30-10)
20+20=40K

What did I miss in this question; what are the operative words or clue words that I apparently missed?

Look forward to responses.....
atxmind
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Re: EAC (Scordo) Mock Exam 5, Q 27

Postby atxmind Mon Apr 10, 2017 2:16 am

20k of work has been completed...
barnita_n
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Re: EAC (Scordo) Mock Exam 5, Q 27

Postby barnita_n Mon Apr 10, 2017 6:29 am

My understanding :

When future performance will be same as past performance (typical) formula is
BAC/CPI

When future performance will continue with planned/budgeted rate then
EAC = AC + (BAC -EV)
manishpn
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Re: EAC (Scordo) Mock Exam 5, Q 27

Postby manishpn Mon Apr 10, 2017 8:10 pm

barnita_n wrote:My understanding :

When future performance will be same as past performance (typical) formula is
BAC/CPI

When future performance will continue with planned/budgeted rate then
EAC = AC + (BAC -EV)


yes thats correct we have use the second formula for this case
Br,
Manish P
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