Explore BrainMass

# analysis

Not what you're looking for? Search our solutions OR ask your own Custom question.

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

PV is Planned Value
EV is Earned value
AC is actual cost
BAC is budget at Completion

PV = \$23,000
EV = \$20,000
AC = \$25,000
BAC = \$120,000

a. What is the cost variance, schedule variance and cost performance index (CPI), and schedule performance index (SPI) for the project?
b. How is the project doing? Is it ahead of schedule or behind schedule? It is under budget or over budget?
c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
d. Use the schedule performance index (SPI) to estimate how long it will take to finish the project.

https://brainmass.com/computer-science/performance-of-systems/analysis-41868

#### Solution Preview

a.
The difference between Earned Value and spending (AC) is Cost Variance
Cost Variance = \$20,000 - \$25,000= -\$5,000
The difference between Earned Value and plan (PV) is Schedule Variance
Schedule Variance = \$20,000 - \$23,000= -\$3,000
The ratio of Earned Value to cost (AC) is Cost Performance ...

#### Solution Summary

This analysis is highlighted.

\$2.49