Suppose, for Problem 13.20, that your PV was 70 and your EV was 95. Recalculate the SPI and estimated time to completion for the project with this new data.

Problem 13.20

You are calculating the estimated time to completion for a project of 12 months’ duration and a budgeted cost of $500,000. Assuming the following information, calculate the Schedule Performance Index and the estimated time to completion (figures are in thousands).

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Schedule Variances Planned Value (PV) Earned Value (EV) Schedule Performance Index Estimated Time to Completion 65 58