Cumberlands Cost Performance Analysis and Time Development Discussion
Description
You are a project manager for a construction project budgeted at $750,000. As of today, the project should be 45% completed but after reviewing the status of the scheduled tasks involved in the project it is evident that only 25% of the work has been completed. The team has spent $200,000 thus far.
Answer the following questions:
1. Describe the formula for each equation and provide the answer
Determine Earned Value (EV)
Determine Planned Value (PV)
- Determine Cost Performance Index (CPI)
- Determine Schedule Performance Index (SPI)
- Cost Variance (CV)
- Schedule Variance (SV)
- 2. What does this data tell you?
- Assignment Guidelines
The assignment is to answer the question provided above in essay form.
Where applicable students can include diagrams if it will help provide a pictorial view of the solution.
This is to be in narrative form and should be as thorough as possible.
- Bullet points should not be used.
Utilizing at least one outside scholarly or professional source related to project management. The textbook should also be utilized.
- Do not insert excess line spacing.
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