A new product development project has elapsed four weeks It means that the status period is end of Week 4 The monitoring team has reported the project updates as given in the following table Actual costs are only recorded at completion of a task Table 1 Update progress (PV and EV Rule time proportionality) Activity Predecessors Planned Duration (weeks) Budgeted cost Work Completed Money Spent (AC) A 4 $500 80 $400 B 2 $2,000 40 $1,000 C A, B 5 $500 D C 2 $750 E C 1 $250 Prepare a weekly Plannd Value (PV) and Earned Value (EV) table for all project tasks Calculate SPI, CPI at end of Week 4 (Show your calculations) Is the project on target by end of Week 4

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Question: A new product development project has elapsed four weeks. It means that the status period is end of Week 4. The monitoring team has reported

A new product development project has elapsed four weeks. It means that the status period is end of Week 4. The monitoring team has reported the project updates as given in the following table. Actual costs are only recorded at completion of a task.

Table 1 Update progress (PV and EV Rule: time proportionality)

Activity #	Predecessors	Planned Duration (weeks)	Budgeted cost	% Work Completed	Money Spent (AC)
A		4	$500	80%	$400
B		2	$2,000	40%	$1,000
C	A, B	5	$500
D	C	2	$750
E	C	1	$250

Prepare a weekly Plannd Value (PV) and Earned Value (EV) table for all project tasks.
Calculate SPI, CPI at end of Week 4 (Show your calculations)
Is the project on target by end of Week 4?

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