The Gantt chart of Project X included 12 consecutive tasks. Each task was supposed to take 1 month and to cost $115,000. After 6 months tasks 1-5 were completed, task 6 was 50% completed, and the project had spent $650,000. EV=500,000.

1. Determine the Estimated budget at completion = Original Budget/ CPI and Estimated time to complete = Original Time Estimate /SPI.

EVM formulas EV=PV*Rate of Completion (%) Performance indicators CV=EV - AC SV=EV - PV CPI = EVIAC SPI = EV/PV Forecasts Estimated budget at completion = Original Budget/ CPI Estimated time to complete = Original Time Estimate /SPI