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The following is for a project management subject, help would be appreciated, thank you in advance! Given the following information for a one-year project, answer
The following is for a project management subject, help would be appreciated, thank you in advance!
Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. 1. PV = $23,000 EV = $20,000 AC = $25,000 BAC = $120,000 a. What is the cost variance, schedule variance, cost performance index (CPI), and b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project d. Use the SPI to estimate how long it will take to finish this project schedule performance index (SPI) for the project? budget or over budget? performing better or worse than planned? e. Sketch the earned value chart for this project, using Figure 7-5 as a guide
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