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Cost ans Schedule Variance

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.