Question: Use the Earned Value Management for your project to find out CPI, SPI, and EAC. a) Cost performance index (CPI). b) Schedule performance index (SPI)

Use the Earned Value Management for your project to find out CPI, SPI, and EAC.

a) Cost performance index (CPI).

b) Schedule performance index (SPI)

c) Estimate at completion (EAC)

Assume that the Company has invested a budget of 5 million riyals for easy transport project and planned to complete it in 6 months. Lets also assume that the company planned to spend the budget equally in each month. However, when the first two months has passed, the project manager has found out that the total of one million riyals spent. Suppose RP=0.35

Based on the above scenario, answer the following:

a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

b) How much will it actually cost the company to complete this project, and how long will it really take to complete it based on the performance to date?

Note: please do not use your hand writing

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