Question: You are currently managing a project with planned two-year duration. The project is currently in its fourth month. The actual costs to date are $420,000.

You are currently managing a project with planned two-year duration. The project is currently in its fourth month. The actual costs to date are $420,000. The planned expenditures to date were 470,000. Earned value is currently $400,000. Budget at Completion for the Project is $1,000,000.

A. What are the values of the Cost Performance Index (CPI), and Schedule Performance Index (SPI) for this project?

B. Based on these indices, provide an evaluation of the project’s current status.

C. Your program manager is concerned about your capability to complete the project within 10% of the targeted budget. Provide your evaluation as to whether you feel that your team is capable of doing so, based on past research on projects.

D. What is your optimistic estimate of what this project will cost when it is completed?

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