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Jim has a project that is nearing final phase, as he goes through his records he realized he did not account for a certain contractors raw material purchases, this will now negatively impact his estimate at completion(EAC) by almost $100,000; but he is still underbudget overall-which set of parameters below accurately describes this condition:
EAC=AC +bottom up EAC
None of these
EAC =AC+BAC-EV
EAC=(AC+(BAC-EV)/(CPI*SPI))
EAC=AC+BAC-EV is incorrect as the future or final work is negatively impacted by the raw material accounting error and thus changes the outcome even though still under budget. EAC=AC+bottom up EAC is incorrect as the initial plan is no longer valid. EAC=(AC+(BAC-EV)/(CPI*SPI)) is incorrect as the schedule is completely unaffected ahead of schedule. None of these is the correct answer as the formula should be EAC=BAC/CPI _ as CPI still shows to be underbudget. (PMBOK 2013 Rev 5th Edition, pgs 217-225).
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