Given a project that has a total budget of $500K. It is a one-year project, reporting status monthly.
It is now the end of month 6. For the six months, $300k was allocated according to the allcoation
Month1 -- $30K
Month2 -- $35K
Month3 -- $35K
Month4 -- $50K
Month5 -- $70K
Month6 -- $80K
The budget for the remaining six months is $60K, $50K, $35K, $25K, $15K and $15K, respectively.
The actual cost expended in the first six mon ths was $38K, $39K, $42K, $45K, $50K, and $90K, respectively. The value recieved in terms of the amount of work planned to be done for each month was $28K, $32K, $33K, $35K, $45K, $80K, respectively.
a) For each of the six reporting periods, what was the planned value, actual cost and earned value?
b) What is the schedule variance and cost variance at the end of each reporting period?
c) What is the schedule performance index and ost performance index at the end of each reporting period?