Question 6

Table 3 shows the project costs (in thousand dollars) and other details of the construction project

Required:

1. Given the current status of the project, calculate the earned value of the project.

2. Calculate the schedule performance index (SPI) of the project and explain what it tells about the current status of the project.

3. Calculate the cost performance index (CPI) of the project and explain what it tells about the current status of the project.

4. Calculate the estimated time to completion and explain what it tells about the current status of the project.

5. Calculate the estimated cost to completion and explain what it tells about the current status of the project.

Table 3: Project costs (in thousand dollars) Duration (in months) % Activity Plan 5 10 15 20 25 30 Complete A 1,500 100% 1,500 2,000 B 1,850 100% 3,850 6,000 2,500 3,500 85% D 1,800 4,100 70% 2,300 2,350 E 2,500 3,850 75% 8,700 4,150 F 1.800 2,350 60% G 3,200 4,150 7,350 65% Plan 3,500 Cum. Plan 3,500 6,150 9,950 4,850 7,050 4,150 9,650 19,600 24,450 31,500 35,650 5,800 15,350 9,150 5,800 3,500 9,600 24,950 34,100 39,900 43,400 Actual 3,800 Cum. Actual 3,800