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    Cost ans Schedule Variance

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    The following project is at the end of its sixth week. Find the cost and schedule variances using the proportional earned value rule. Also find the CPI and SPI. Then find the critical ratio of the project using earned value calculations. Finally, calculate the ETC and EAC for the project.

    Complete in MS Word or excel.

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    Solution Preview

    Please see attached file.

    Step 1: Draw the Network Diagram

    Step 2: Determine the Critical Path
    After drawing the network diagram we can easily find out that path A-C-E is the critical path as it has the longest duration of 8 wks.

    Step 3: Determine Planned Value
    At the ...

    Solution Summary

    Uses Project Management tools to determine cost and schedule variance.