Question: Problem 5 - 6 ( Algo ) A project to build a new bridge seems to be going very well since the project is well

Problem 5-6(Algo)
A project to build a new bridge seems to be going very well since the project is well ahead of
schedule and costs seem to be running very low. A major milestone has been reached where the first
two activities have been totally completed and the third activity is 70 percent complete. The planners
were expecting to be only 53 percent through the third activity at this time. The first activity involves
prepping the site for the bridge. It was expected that this would cost $1,419,800 and it was done for
only $1,299,800. The second activity was the pouring of concrete for the bridge. This was expected to
cost $10,499,800 but was actually done for $8,999,800. The third and final activity is the actual
construction of the bridge superstructure. This was expected to cost a total of $8,499,800. To date,
they have spent $4,999,800 on the superstructure.
Calculate the schedule variance, schedule performance index, and cost performance index for the
project to date.
Note: Round your "performance index" values to 3 decimal places.
Answer is complete but not entirely correct.
 Problem 5-6(Algo) A project to build a new bridge seems to

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