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

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