Project Management

PROBLEM 5

Day AC PV EV

65 $550 $735 $678

a) Calculate the cost variance (CV).

b) Calculate the cost performance index (CPI).

c) Calculate the schedule variance (SV).

d) Calculate the schedule performance index (SPI).

e) Given these data, what should a project manager do with respect to this project?

PROBLEM 6

Day AC PV EV

65 $760 $735 $678

a) Calculate the cost variance (CV).

b) Calculate the cost performance index (CPI).

c) Calculate the schedule variance (SV).

d) Calculate the schedule performance index (SPI).

e) Explain the project performance in terms of efficiency, budget, and schedule. What should the project manager do for the project?