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Project Variances-earned Value Analysis

A project has just completed the 87th item in its action plan. It was scheduled to have spent $168,000 at this point in the plan, but has actually spent only $156,000. The foreman estimates that the value of the work actually finished is about $162,000. What are the spending and schedule variances for the project? What are the SPI and CPI?

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"A project has just completed the 87th item in its action plan. It was scheduled to have spent $168,000 at this point in the plan, but has actually spent only $156,000. The foreman estimates that the value of the work actually finished is about $162,000. What are the spending and schedule variances for the project? What are the SPI and CPI?
"

BCWS - Budgeted Cost of Work Scheduled = $168,000
ACWP - Actual Cost of Work Performed ...

Solution Summary

The solution calculates Spending variance, Schedule variance, Schedule Performance Index (SPI) , Cost Performance Index (CPI) given BCWS (Budgeted Cost of Work Scheduled), ACWP (Actual Cost of Work Performed) and BCWP (Budgeted Cost of Work Performed).

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