16. You have signed a contract with a third party to conduct a software testing project. The total expected cost (or budget at completion) for this project is $12,000. The project is divided into four phases.

The first phase of testing went as planned. The second phase experienced some problems and went over budget. The project manager from the third-party contractor has assured you that the few problems they encountered could not be helped and that she does not expect them to continue in the remaining phases. As an experienced project manager yourself, you have asked the project manager for metrics data on their progress. You are concerned that the second phase?s problems may continue in the remaining testing activities.

Conduct an earned value analysis and answer the following questions about the project. Note that the ?Planned Value? column represents what is planned to be earned by the end of the project.

1. What is the current percent complete for the project overall?
2. What is the current cost variance for the project overall?
3. What is the current cost performance index for the project overall?
4. What is