Question 1:

WebTel IT Project is halfway through a year-long project that has a total budget of $100,000. The amount budgeted through this six-month mark is $55,000. The actual cost through this six-month mark is $45,000.

Calculate the values of following controls and interpret all the results:

1. Planned Value (PV)

2. Actual Cost (AC)

3. Earned Value (EV)

4. Schedule Variance (SV)

5. Schedule Performance Index (SPI)

6. Cost Variance (CV)

7. Cost Performance Index (CPI)

8. Estimated at Completion (EAC)

Question 2:

Calculate the values of the following and explain what the values mean to you as a Project Manager?

PV = $25,000

EV = $30,000

AC = $29,000

BAC = $100,000

Term Calculate Answer interpretation

Schedule variance (SV)

Cost variance (CV)

Schedule Performance Index (SPI)

Cost Performance Index (CPI)

Estimate to Complete (ETC)

Estimate at Completion (EAC)