QUESTIONS

Question 1: EVM Cost and Schedule Variances and Performance Indices

Suppose Jon has a project consisting of three activities. Midway through the project, he collects the following information:

Activity	PV	EV	AC
1	30	40	35
2	20	15	15
3	10	10	15

- What are the project-level Schedule Variance (SV) and Cost Variance (CV)?

- What are the project-level Schedule Performance Index (SPI) and Cost Performance Index (CPI)?

- Under what conditions would a positive variance and a performance index less than 1.0 co-occur?

Question 2: Corrective Action

Describe any performance "thresholds" an organization uses to signal when corrective action is required to get a project back on track.