Ffollowing information for the one-year project, reply the following problems: Recall that PV is planned value, EV is earned value, AC is actual cost, and BAC is budget at completion. PV = $23,000; EV = $20,000; AC = $25,000; BAC - $120,000
Determine the cost performance index (CPI), cost variance, schedule variance, and schedule performance index (SPI) for project?
How is project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
Utilize CPI to compute estimate at completion (EAC) for this project. Is project performing better or worse than planned?
Use schedule performance index (SPI) to evaluate how long it will take to complete this project.