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You are calculating the estimated time to completion for a project of 15 months’ duration and a budgeted cost of $350,000. Assuming the following information, calculate the Schedule Performance Index and estimated time to completion. (Figures are in thousands.)

Schedule Variances

Planned Value of Work Scheduled (PV)                    65

Earned Value (EV)                                                     58

Schedule Performance Index

Estimated Time to Completion

13.10 Suppose for Problem 9 that your PV was 75 and your EV was 80. Recalculate the SPI and estimated time to completion for the project with this new data.

Operation Management, Management Studies

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