Given the following for a 12-month project, answer the questions that follow. Planned Value (PV) = $50,000
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Question:
Given the following for a 12-month project, answer the questions that follow.
Planned Value (PV) = $50,000
Rate of Performance (RP) = 80%
Actual Cost (AC) = $48,000
Budget at Completion (BAC) = $500,000
Estimated Time to Complete the project is 12 months.
- What is the cost variance (CV), schedule variance (SV) , cost performance index (CPI), and schedule performance index (SPI) of the project?
- How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain your answers.
- Calculate the estimate at completion (EAC) for the project based on the above noted information. Is the project performing better or worse than planned (budget)?
- Estimate how long it will take to finish this project at the current rate of performance.
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