Project Variances-earned Value Analysis
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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?
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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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"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 ...
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