Question: Project status Earned Value Management (EVM) Analysis: Schedule Performance Index (SPI): SPI = EV / PV Cost Performance Index (CPI): CPI = EV / AC

Project status Earned Value Management (EVM) Analysis:

  • Schedule Performance Index (SPI): SPI = EV / PV
  • Cost Performance Index (CPI): CPI = EV / AC
  • Schedule Variance (SV): SV = EV - PV
  • Cost Variance (CV): CV = EV - AC

Let's calculate these for each week:

| Week | PV | EV | AC | SPI | CPI | SV | CV | |

| 1 | 12,004,883 | 13,023,741 | 14,165,801 | 1.08 | 0.92 | 1,018,858 | -1,142,060 |

| 2 | 12,242,655 | 13,349,751 | 14,328,021 | 1.09 | 0.93 | 1,107,096 | -978,270 |

| 3 | 12,303,868 | 13,421,499 | 14,503,161 | 1.09 | 0.93 | 1,117,631 | -1,081,662 |

| 4 | 12,672,984 | 13,630,378 | 14,867,897 | 1.08 | 0.92 | 957,394 | -1,237,519 |

| 5 | 13,538,143 | 13,892,707 | 14,952,853 | 1.03 | 0.93 | 354,564 | -1,060,146 |

| 6 | 14,590,883 | 13,947,872 | 15,064,978 | 0.96 | 0.93 | -642,011 | -1,117,106 |

| 7 | 15,018,150 | 14,007,422 | 15,200,085 | 0.93 | 0.92 | -1,010,728 | -1,192,663 |

| 8 | 15,273,246 | 14,173,481 | 15,361,859 | 0.93 | 0.92 | -1,099,765 | -1,188,378 |

| 9 | 15,563,150 | 14,291,669 | 15,493,823 | 0.92 | 0.92 | -1,271,481 | -1,202,154 |

| 10 | 16,320,366 | 14,348,916 | 15,547,752 | 0.88 | 0.92 | -1,971,450 | -1,198,836 |

| 11 | 16,672,469 | 14,405,457 | 15,874,255 | 0.86 | 0.91 | -2,267,012 | -1,468,798 |

| 12 | 16,986,773 | 14,845,382 | 15,913,854 | 0.87 | 0.93 | -2,141,

Taking into consideration the above status, compute the following

  1. Identify project status and all relevant information used to determine project status
  2. Identify two (2) distinct, feasible, and effective responses (active or passive) to control the schedule with justification
    • Note: Changes/controls on one constraint will impact other constraints (recall lesson "Introduction to Project Management"). Response "feasibility" and "effectiveness" are evaluated based on how comprehensive the justification accounts for likely outcomes - both positive and negative.
  3. Recommend one (1) of the identified responses - the recommendation should be the "best" alternative to pursue, demonstrate high intellectual standards in critical thinking, and be supported with justification

Consider these prompts while computing question

The current status of the project ison-time/ahead/behindschedule andover/under/onbudget which is evident by<< enter response that elaborates upon the first part of this answer referencing all relevant details from the case study>>

The first response to control this schedule is<>

The second response to control this schedule is<distinct andseparate from your first response) to control this schedule with justification (examples, references) to support how/why>>

I recommend that<>

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!