Question
Table 3 shows the project costs (in thousand dollars) and other details for the project. (i) Given the current status of the project, calculate the
Table 3 shows the project costs (in thousand dollars) and other details for the project.
(i) Given the current status of the project, calculate the earned value of the project. (1 mark)
(ii) Calculate the schedule performance index (SPI) of the project and explain what it tells about the current status of the project. (1 mark)
(iii) Calculate the cost performance index (CPI) of the project and explain what it tells about the current status of the project. (1 mark)
(iv) Calculate the estimated time to completion and explain what it tells about the current status of the project. (1 mark)
(v) Calculate the estimated cost to completion and explain what it tells about the current status of the project. (1 mark)
Table 3: Project costs in thousand dollars) and other details for the project Duration (in months) % Activity Plan 5 10 15 20 25 Complete A 3,500 5,500 9,000 100% B 3,000 5,000 2,500 10,500 100% 2,500 3,500 3,500 5,500 15,000 65% D 5,500 5,500 2,500 13,500 55% E 4,500 3,500 8,000 16,000 50% F 6,500 4,000 10,500 30% Plan 3,500 11,000 18,500 21,500 20,000 Cum. Plan 3,500 14,500 33,000 54,500 74,500 Actual 6,000 11,000 15,500 18,000 5,000 Cum. Actual 6,000 17,000 32,500 50,500 55,500Step by Step Solution
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