Suppose that a project has been in progress for six months. Suppose further that (to date) $120,000 has been spent. The Budgeted Cost of Work Performed to date is $100,000. The Budgeted Cost of Work Scheduled to date is $140,000.

Answer the questions below. Where computations are involved, you must show your work to receive credit.

Part I: Analysis of Completed Activities

1. What is the earned value on this project? ____________________

2. Compute the cost variance:_____________________

3. Compute the cost performance index:__________________

4. Compute the schedule variance: _____________________

5. Compute the schedule performance index:__________________

6. Is the project ahead of schedule or behind schedule and by how much? Explain your answer.

7. Has the project overspent or under spent to date and by how much? Explain your answer.

Part II: Analysis of remaining activities. Suppose the above project was originally scheduled to take 18 months with an overall budget for the project of $300,000.

8. What is your revised estimate of how long this project will take?

1. What is your revised estimate of how much this project will cost?

10. How likely is it that adjustments can be made that will get this project back on schedule and budget? You must explain your answer to receive credit.