Earned Value Topic

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rajeshsah
Posts: 4
Joined: Thu Mar 16, 2017 10:46 am

Earned Value Topic

How do we calculate the ETC?
rajeshsah
Posts: 4
Joined: Thu Mar 16, 2017 10:46 am

Re: Earned Value Topic

Hi All

I have got the answer EV-AC is ETC

Another question

1. A Project with a total funding of 100,000 finished with a BAC value of 95,000.What term can be best described the difference of 5000.

a. cost variance
c.Management Contingency reserve
d.Schedule Variance.
kapil.bhauryal
Beginner
Posts: 35
Joined: Fri Apr 07, 2017 3:47 am

Re: Earned Value Topic

1. ETC = EAC - AC

2. I will go with c.Management Contingency reserve.
nazrulq
Contributor
Posts: 270
Joined: Sun Feb 26, 2017 6:06 am

Re: Earned Value Topic

Answer for the 2nd Question is I think, Cost Variance as it is the difference between actual cost incurred and budgeted value.
Management Reserve is usually included in Project Budget.
rajeshsah
Posts: 4
Joined: Thu Mar 16, 2017 10:46 am

Re: Earned Value Topic

I have opted for option c the reason is below for selecting

BAC is revised cost baseline and Management reserve does not get included but part of project funding requirements hence its option c
rajeshsah
Posts: 4
Joined: Thu Mar 16, 2017 10:46 am

Time Management

Hi All,

Please can anyone explain about the fragment network?--- this comes under schedule network diagram
manishpn
Expert
Posts: 2589
Joined: Sat Jan 04, 2014 3:55 pm

Re: Time Management

rajeshsah wrote:Hi All,

Please can anyone explain about the fragment network?--- this comes under schedule network diagram

post a new thread for sperate topic
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
VCAB
Participant
Posts: 73
Joined: Wed Dec 21, 2016 4:26 pm

Re: Earned Value Topic

1. A Project with a total funding of 100,000 finished with a BAC value of 95,000.What term can be best described the difference of 5000.

a. cost variance
c.Management Contingency reserve
d.Schedule Variance.

ETC= EAC-AC
ETC= 100-95= 5K

First, ETC is a forecast not the typical earned value.... we need to eliminate
Eliminate A---- EV-AC---neither EV or AC
Eliminate D= EV-PV ----neither EV or PV is provided (EAC and BAC are provided)

We are left with two option---B and C
B-- is most likely not the right answer
C--- is the right answer to me
kapil.bhauryal
Beginner
Posts: 35
Joined: Fri Apr 07, 2017 3:47 am

Re: Earned Value Topic

A Project with a total funding of 100,000 finished with a BAC value of 95,000.

I got this from above statement, Project Budget = 100,000 and Baseline Budget(BAC) = 95,000.
We know that: Project Budget = Cost Baseline + Management Contingency Reserve

By this we can calculate "Management Contingency Reserve" from here which is "5,000". Thats why i choose option c. Management Contingency Reserve.
manishpn
Expert
Posts: 2589
Joined: Sat Jan 04, 2014 3:55 pm

Re: Earned Value Topic

VCAB wrote:1. A Project with a total funding of 100,000 finished with a BAC value of 95,000.What term can be best described the difference of 5000.

read the question carefully, project is completed, hence you need not calculate estimate to complete. Now think and let us know if you change your choice?

a. cost variance
c.Management Contingency reserve
d.Schedule Variance.

ETC= EAC-AC
ETC= 100-95= 5K

First, ETC is a forecast not the typical earned value.... we need to eliminate
Eliminate A---- EV-AC---neither EV or AC
Eliminate D= EV-PV ----neither EV or PV is provided (EAC and BAC are provided)

We are left with two option---B and C
B-- is most likely not the right answer
C--- is the right answer to me
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
VCAB
Participant
Posts: 73
Joined: Wed Dec 21, 2016 4:26 pm

Re: Earned Value Topic

I think I want to change it

Finished====EV= \$100,000
BAC at completion=PV= \$95,000

Schedule variance is the right answer....

Thanks for pointing things out....we need to be careful a word changes the answer