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Earned Value Topic

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rajeshsah
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Earned Value Topic

Postby rajeshsah Fri Apr 21, 2017 8:31 pm

How do we calculate the ETC?
rajeshsah
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Re: Earned Value Topic

Postby rajeshsah Fri Apr 21, 2017 8:38 pm

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
b. Management overheads
c.Management Contingency reserve
d.Schedule Variance.
kapil.bhauryal
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Re: Earned Value Topic

Postby kapil.bhauryal Sat Apr 22, 2017 8:40 am

1. ETC = EAC - AC

2. I will go with c.Management Contingency reserve.
nazrulq
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Re: Earned Value Topic

Postby nazrulq Sun Apr 23, 2017 4:17 am

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
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Re: Earned Value Topic

Postby rajeshsah Sun Apr 23, 2017 12:32 pm

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
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Time Management

Postby rajeshsah Sun Apr 23, 2017 12:38 pm

Hi All,

Please can anyone explain about the fragment network?--- this comes under schedule network diagram
manishpn
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Re: Time Management

Postby manishpn Sun Apr 23, 2017 5:42 pm

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
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http://www.izenbridge.com/blog/7-effect ... ification/
VCAB
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Re: Earned Value Topic

Postby VCAB Tue Apr 25, 2017 8:47 pm

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
b. Management overheads
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
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Re: Earned Value Topic

Postby kapil.bhauryal Wed Apr 26, 2017 11:13 am

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
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Re: Earned Value Topic

Postby manishpn Wed Apr 26, 2017 7:53 pm

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
b. Management overheads
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
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Re: Earned Value Topic

Postby VCAB Thu Apr 27, 2017 6:52 pm

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

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