An activity on the critical path of a project was scheduled to be completed within 12 weeks, with a budget of $8,000. During a performance review, which took place 7 weeks after the activity was initiated; it was found that 50% of the work had already been completed and that the actual cost was $4,500.
a) Calculate the CEV of the activity
b) Calculate the CPI, CV,SPI, and SV for the activity
c) Calculate the FCAC using the CV found in part b
d) Calculate the FCAC using the CPI found in b e) Estimate a new duration for the activity based on your findings
e) Estimate a new duration for the activity based on your findings