Pom+ Status Report
Project priority now: 1
Status as of: July 16, 2015
Earned value figures:
PV EV AC SV CV BAC VACf
$691,040.00 $497,369.33 $571,200.00 ($193,670.67) ($73,830.67) $1,692,000.00 1,371,965.74
EAC VAC EACf CPI PCIB PCIC TCPI
1,943,171.73 ($251,171.73) 3,063,965.74 .8707 .2939 .2939 1.07
Project description: Big Kola Company is a soda company which has been slowly losing business to specialized fruit drink markets. In an effort to actively compete with them and regain their customers the CEO has requested that they venture into that market. After much research they have decided on three high margin antioxidant based drinks. They include: cranberry, blueberry, …show more content…
• The PCIB indicates the work accomplished represents 29.40 percent of the total budgeted (BAC) dollars to date.
PCIC: Percent Complete Index
= AC (Actual Cost) EAC AC (Estimated Cost of Completion of Actual Completed) =$571,200 = 0.293953573 $1,943,164
• EAC AC includes costs to-date plus revised estimated cost for work remaining.
• The PCIC is 29.40% complete. This is actual dollars spent to date and EAC.
EACf: Forecasting Cost and Compleiton
EACf= ETC + AC
ETC = Work Remaining = BAC – EV CPI EV-AC =$1,692,000 - $497,369 $497,369-$571,200 $3,063,965.74
VACf= BAC- EACf = -$1,371,965.74
The formula to calculate VACf :
VACf = BAC - EACf
The predicted VACf is negative $1,371,965.74. A negative variance at completion is unfavorable indicating the POM+ Project is forecasting an overrun.
To Complete Performance Index (TCPI): The formula to calculate TCPI=BAC-EV/ BAC-AC. The project values are: BAC is $1,692,000, EV is $497,369, and AC is $571,200. This project TCPI value is 1.07. A TCPI value greater than 1 indicates a need for increased performance for the remaining work of the project in order to stay within budget; so you may need to give up some quality of the product.
Estimate Date of Completion: Given all of these factors and