Question: Need Help. Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into 3 activities. The
Need Help.
Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into 3 activities. The first activity is designed to solicit individual donations. It is scheduled to run the first 25 days of the project and to bring in $25,000 Even though we are 30 days into the project, we still see that we have only 90 percent of this activity complete. The second activity relates to company donations and is scheduled to run for 30 days starting on day 5 and extending through day 35 We estimate that even though we should have approximately 83 percent (or more precisely 25/30) of this activity complete, it is actually only 50 percer complete. This part of the project was scheduled to bring in $150,000 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,000 So far $175,000 has actually been brought in on the project Calculate the schedule variance, schedule performance index, cost (actually value in this case) variance, and cost performance Index (Negative values should be indicated by a minus sign. Do not round your intermediate calculations or "variance" values. Round your "performance index" values to 3 decimal places.) Answer is complete but not entirely correct. Schedule variance Schedule performance index Cost variance Cost performance index (50,000) 0.660 (78.000) 0.554 $
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