Assessing the project's performance
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Your project has four activities. Below is the current status of each activity.
Activity A was to have cost $150,000 when complete. Its costs so far are $45,000. It is 35% complete. The activity has completed 5 weeks of a planned 15-week schedule.
Activity B is at the end of week 2 of a planned 4-week effort. It is 45% complete. It was to cost $100,000 when finished. Its costs to date are $50,000.
Activity C is finished. It finished 2 weeks late. It cost $100,000. And it was planned to have cost $110,000.
Activity D is beginning its forth of a planned 6-week schedule. It has cost $200,000 so far. It was estimated to cost $450,000 when finished. It is approximately 55% complete.
Using this data, calculate the following.
1. What are the PV, EV, and AC for the project?
2. What are the SV, CV, SPI, and CPI for the project?
3. Assess the project performance to date? Do you get to have the celebration?
Your project has four activities. Below is the current status of each activity.
Activity A was to have cost $250,000 when complete. Its costs so far are $165,000. It is 50% complete. The activity has completed 7 weeks of a planned 15-week schedule.
Activity B is at the end of week 2 of a planned 4-week effort. It is 65% complete. It was to cost $190,000 when finished. Its costs to date are $150,000.
Activity C is finished. It finished 2 weeks late. It cost $200,000. And it was planned to have cost $250,000.
Activity D is at the end of its forth of a planned 6-week schedule. It has cost $350,000 so far. It was estimated to cost $500,000 when finished. It is approximately 55% complete.
Using this data, calculate the following.
1. Calculate the CV, SV, CPI, and SPI for each activity and the total project.
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Solution Summary
Solution depicts the steps to calculate PV, EV, AC, SV, CV, CPI and SPI in the given cases
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1. What are the PV, EV, and AC for the project?
PV=150000*(5/15)+100000*(2/4)+110000+450000*(4/6)=$510,000
EV=150000*35%+100000*45%+110000*100%+450000*55%=$455,000
AC=45000+50000+100000+200000=$395,000
2. What are the SV, CV, SPI, and CPI for the project?
CV=EV-AC=455000-395000=$60,000
SV=EV-PV=455000-510000=-55000
CPI=EV/AC=455000/395000=1.1519
SPI=EV/PV=455000/510000=0.89216
3. Assess the project performance to date? Do you get to have the celebration?
CPI of 1.15 indicates that for every dollar spent, $1.15 earned value ...
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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