Question

Assume that you have completed three months of the project. The BAC was $120,000 for this six-month project. You can also make the following assumptions:

PV = $60,000
EV = $55,000
AC = $50,000
What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

Answer 1

Step-by-step explanation:

PV = $60,000

EV = $55,000

AC = $50,000

Cost variance = EV-AC

=$55,000 - $50,000

= $5,000

Schedule variance = EV-PV

=$55,000-$60,000

= - $5,000

Cost Performance Index= EV/AC

=$55,000/$50,000

=1.1% or 0.011

Schedule Performance Index= EV/PV

=$55,000/$60,000

=0.91% or 0.0091