Response to the following :
Determine the total estimated cost at completion and estimated cost to complete for the project in Problem 1, assuming the cost performance index remains the same through the remainder of the job.
Problem 1
The actual cost of the work performed at the end of the second week for the project in Problem 2 is $37,900. Determine the cost performance index for the project.
Problem 2:
A project consists of three tasks. Task A is scheduled to begin at the start of Week 1 and finish at the end of Week 3. Task B is scheduled to begin at the start of Week 1 and finish at the end of Week 2. Task C is scheduled to begin at the start of Week 2 and end at the end of Week 3. The budgeted cost for Task A is $22,000, for Task B is $17,000, and for Task C is $15,000. At the end of the second week Task A is 65% complete, Task B is 95% complete, and Task C is 60% complete.
What is the schedule performance index for the project at the end of the second week?