Question

Use the following information to answer parts a through h. PV - $450,000 EV - $300,000 AC - $500,000 BAC - $1,500,000 a. Schedule variance (SV) b. Cost variance (CV) c. Schedule performance index (SPI) d. Cost performance index (CPI) e. Estimate to complete (ETC—first method) f. Estimate to complete (ETC—second method) g. Estimate at completion (EAC) h. To-complete performance index (TCPI)

Answer 1

Planned value= $ 450,000

Earned Value (EV) = $ 300,000

Actual Cost = $ $500,000

Cost Variance (CV) = EV – AV = -20,000

Schedule Variance (SV) = EV – PV = -15,000

Cost Performance Index (CPI) = EV/AV = 0.6 = 60 %

Schedule Performance Index (SPI) = EV/PV = 0.66 = 66 %

Estimate at Completion (EAC) = PV/CPI = 750,000

Estimated Time to Complete = Original Time Estimate/SPI

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