Instructions

Instructions: You are a project manager that is in the middle of a large home construction project. Your director asks you to give him a better idea as to where the project is at with schedule and budget. Using the given information, answer the questions below. The construction team has been working on the build for several weeks. Based on your project schedule, the planned value (PV) is $500,000. The earned value (EV) so far is $350,000. The actual cost (AC) of the project as of today is $550,000 and the budget at completion (BAC) is $1,200,000. For each question, provide the equation you will use to determine the answer. What is the schedule valiance (SV)? What is the cost variance (CV)? What is the schedule performance index (SPI)? What is the cost performance index (CPI)? What is the estimate to completion (ETC)? What is the Estimate at Completion (EAC)? What is the To-complete performance index (TCPI)? Using the information you calculate above, what do these values mean to you? Do you think your project sponsor would be happy with the teams progress? What ideas do you have to get the project back on track?