(Answered) Assume you have completed three months of the project fg

Management Studies

Assume you have completed three months of the project FG. The Budget at Completion (BAC) was 200,000 for this six-month project. Also assume the following:

Planned Value (PV) = $ 120,000
Earned Value (EV) = $ 60,000
Actual Cost (AC) = $ 90,000

1. Calculate the following:

Cost Variance (CV) =?

Schedule Variance (SV) =?

Cost Performance Index (CPI) =?

Schedule Performance Index (SPI) =?

Estimated time to complete =?

2. Explain the meaning of the obtained results for all CV, SV, CPI, and SPI formulas in the above questions?

(Hint: CPI value is =1, means the cost of the project is on budget)

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