Question : Interpret the Projects Status

Using the SV, CV, CPI, SPI, EAC and ETC values that you calculated in question 2 along with your earned value dashboard that you prepared in question 3, provide a descriptive analysis and interpretation of the projects status.

Answers the following questions:

-At week three, is the project on-budget? (Or over? Or under?) How does this compare to week one?

-At week three, is the project on-schedule? (Or behind? Or ahead?) How does this compare to week one?

-Are the projects cost and schedule performances improving over time? Or worsening?

-From week one to week three, has the estimated completion cost gone up? Or down?

\begin{tabular}{|l|l|r|r|r|} \hline Cost Variance (CV) & (EV - AC) & 4050 & 5800 & 9200 \\ \hline Schedule Variance (SV) & EV - PV & 5000 & 500 & 4000 \\ \hline Cost Performance Index & CPI = EV / AC & 2.50 & 1.37 & 1.24 \\ \hline Schedule Performance Index (SPI) & SPI=EV/PV & 0.57 & 0.98 & 1.09 \\ \hline EAC (Estimate at completion) & BAC/CPI & 56000.00 & 102232.56 & 112595.74 \\ \hline ETC (Estimate to complete) & ETC = EAC - AC & 53300.00 & 86532.56 & 74795.74 \\ \hline \end{tabular}