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Harry was asked by his Manager to review the project that just closed and provide the variance at completion. Based on the following parameters, what was the VAC condition? BAC=$180,000 and CPI =.60.
VAC is Negative so project is over planned cost
VAC is positive so project is under budget
Undetermined
VAC is negative so project is under budget
Let's first look at the formulas: VAC=BAC-EAC and EAC=BAC/CPI. EAC= $180,000/.6=$300,000. VAC=$180,000-$300,000 =-$120,000. The correct answer is that project is over planned cost
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