Posted: September 16th, 2015
Project Man.
Following are data reporting progress on a project. Work on all tasks contained in the table is scheduled to be complete as of the day of the report.
| Budget | Begun? | Complete? | Actual cost | Earned Value | |
| Task A | 3,100 | Yes | Yes | 3,100 | |
| Task B | 4,000 | Yes | Yes | 4,500 | |
| Task C | 2,500 | Yes | Yes | 2,250 | |
| Task D | 4,000 | Yes | No | 3,500 | |
| Task E | 3,500 | Yes | Yes | 4,000 | |
| Task F | 2,500 | No | No | 0 |
- Using the 50-50 Rule, what is earned value for this project?
- Using the 0-100 Rule, what is earned value for this project?
- Note the discrepancy of earned value figures when using the 50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your rationale.
- Using the 50-50 Rule earned value computation, what is schedule variance for the project as reported?
- What is the schedule performance index (SPI)?
- Using the 50-50 Rule earned value computation, what is the cost variance for the project as reported?
- What is the cost performance index (CPI)?
- If the total budget for this project is 50,000, use CPI to compute estimate at complete (EAC).
- Using the earned value information garnered from the above table, provide your boss a brief status report on project progress to date. Also, provide projections for future status.
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