Problem $1$

Week AC PV EV CV CPI SV SPI

$2$ $$72,000$

A project manager is analyzing progress on a project to make a $10-$minute documentary. It$$s the end of week two on this three week project. The actual cost is $$72,000.$ They have $7$ minutes of usable film. The budgeted total cost is $$100,000.$ Determine PV$,$ EV$,$ CV$,$ CPI, SV$,$ and SPI.

a$.$ First, map each description to an EVA category. Then, fill in the table.

b$.$ What do the SPI and CPI values mean in this example? Explain in $$plain English.$$

c$.$ Could a project or task be where we expect in terms of cost$,$ but behind on schedule? $($Hint: see formulas$)$