Question: c) Kimberly assigned Francine Powell a project work package which needs to be completed in 6 months. The approved budget for this project is 200,000

c) Kimberly assigned Francine Powell a project work package which needs to be completed in 6 months. The approved budget for this project is 200,000 USD with a constant burnt rate (the same amount is spent every month). 2 months have passed and Francine has spent 60,000 USD. Upon close review, she finds that only 25% of the work has been completed. Stefanie, a Cost Portfolio Management expert is being asked to assist Francine by calculating and analyzing the following:

i. the Schedule Performance Index (SPI) and Cost Performance index (CPI) (4 marks)

ii. the Estimate at Completion (EAC) and the Variance at Completion (VAC), should no measures be taken to correct any variances identified. (4 marks)

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