Question: You are the project manager for a Human Resources Payroll project. You have been given a budget of $2,000 per week to complete this project.

You are the project manager for a Human Resources

You are the project manager for a Human Resources Payroll project. You have been given a budget of $2,000 per week to complete this project. You are currently at month 6 of an 18 month project. You are eager to properly control this project as it is one of the first projects you have managed and you want to make a good name for yourself. You have heard that Earned Value Management is the best approach to project control. You want to calculate and analyze various EVM measurements. You do some checking and find that you are approximately 25% of the way through the work that you will deliver to your client. You have averaged $1850 per week in expenses. Calculate the Cost Performance Index (CPI) and the Cost Variance (CV) and explain to your client what these numbers mean in terms of this project

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