Question
Project X has a Cost Performance Index (CPI) of 1.2. The Schedule Performance Index (SPI) is 0.8. The Planned Value (PV) is $500,000 and the
Project X has a Cost Performance Index (CPI) of 1.2.
The Schedule Performance Index (SPI) is 0.8. The Planned Value (PV) is $500,000 and the Schedule Variance (SV) is -$220,000.
Calculate the Cost Variance. Is this favorable or unfavorable? What does this value mean?
Please provide all necessary calculations
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Hospitality An Introduction
Authors: Robert A Brymer, Misty M Johanson
14th Edition
0757588638, 9780757588631
