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Refer to the Earned Value Management (EVM) data below: Planned Value (PV): $500,000 Earned Value (EV): $450,000 Actual Cost (AC): $480,000 Questions: Calculate the Cost
Refer to the Earned Value Management (EVM) data below:
- Planned Value (PV): $500,000
- Earned Value (EV): $450,000
- Actual Cost (AC): $480,000
Questions:
- Calculate the Cost Performance Index (CPI).
- Calculate the Schedule Performance Index (SPI).
- Interpret the CPI and SPI values and discuss their implications for project performance.
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
