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Project Variances-earned Value Analysis

A project in its 26th week has an actual cost of $270,000. It was scheduled to have spent $261,000. For the work performed to date, the budgeted value is $272,000. What are the cost and schedule variances for the project? What are the SPI and CPI?

Solution Preview

A project in its 26th week has an actual cost of $270,000.  It was scheduled to have spent $261,000.  For the work performed to date, the budgeted value is $272,000.  What are the cost and schedule variances for the project?  What are the SPI and CPI?

BCWS - Budgeted Cost of Work Scheduled = $261,000
ACWP - Actual Cost of Work Performed = $270,000
BCWP - Budgeted 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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