A project manager is overseeing a project with a total budget of $5,000,000 The project is halfway through its timeline with the following costs incurred Actual Costs to Date $2,500,000 Planned Value to Date $2,400,000 Earned Value to Date $2,200,000 Questions Calculate the Cost Performance Index (CPI) and Schedule Performance Index (SPI) Based on CPI and SPI, evaluate the projects performance and suggest corrective actions if needed Forecast the total cost at completion using the CPI

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Question: A project manager is overseeing a project with a total budget of $5,000,000. The project is halfway through its timeline with the following costs incurred:

A project manager is overseeing a project with a total budget of $5,000,000. The project is halfway through its timeline with the following costs incurred:

Actual Costs to Date: $2,500,000
Planned Value to Date: $2,400,000
Earned Value to Date: $2,200,000

Questions:

Calculate the Cost Performance Index (CPI) and Schedule Performance Index (SPI).
Based on CPI and SPI, evaluate the project’s performance and suggest corrective actions if needed.
Forecast the total cost at completion using the CPI.

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