Question: Activity PV (in $) EV (in $) AC A 9,200 10,000 9,700 B 23,000 20,000 18,000 C 12,000 13,000 11,000 D 8,000 10,000 12,000 E

Activity

PV (in $)

EV (in $)

AC

A

9,200

10,000

9,700

B

23,000

20,000

18,000

C

12,000

13,000

11,000

D

8,000

10,000

12,000

E

10,000

12,000

13,000

F

7,000

9,000

10,000

G

8,000

9,000

10,000

  1. A software development project at day 70 exhibits an actual cost of $78,000 and a scheduled cost of $84,000. The software manager estimates a value completed of $81,000. What are the cost and schedule variances and CPI? What meaning do you derive from the CPI?

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