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A project manager is overseeing a project with a total budget of $4,000,000. The project is halfway through its timeline with the following costs incurred:
A project manager is overseeing a project with a total budget of $4,000,000. The project is halfway through its timeline with the following costs incurred:
- Actual Costs to Date: $2,000,000
- Planned Value to Date: $2,100,000
- Earned Value to Date: $1,900,000
Questions:
- Calculate the Cost Performance Index (CPI) and Schedule Performance Index (SPI).
- Based on CPI and SPI, evaluate the project’s performance and suggest corrective actions if needed.
- Forecast the total cost at completion using the CPI.
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