1. Because you are a future project manager, your friend asks for help in renovating his basement. After planning the requirements, you determine the renovation will cost $35,000 at completion. You plan for the project duration to be from July 1 to Dec 31^st (6 months). On October 1^st, you realize the renovation is 20% complete, and has cost $9,250. Assume 5 days working week.

a. What is the total cost of the project? What percent of the work has been done?b. What is the planned value, earned value, actual cost for this table?

	EV	PV	AC
Cost
Schedule

c. What is the cost variance and schedule variance?d. What is the CPI and SPI? What is the status of the budget and schedule?

2. Set up database project is being managed by your team. It is supposed to start on March 1 and finish on April 30^th at a cost of $120,000. Suppose today is end of day March 25^th and after discussion we determine the tasks is 30% complete and we have spent $45,000. Assume 5 days working week.

a. What is the total cost of the project? What percent of the work has been done?b. What is the planned value, earned value, actual cost for this table?

	EV	PV	AC
Cost
Schedule

c. What is the cost variance and schedule variance?d. What is the CPI and SPI? What is the status of the budget and schedule?