1) 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.