Consider the following values for a one year project:
(Planned value) $23,000
(Earned value) EV = $20,000
(Actual cost) AC = $25,000
(Budget at Completion) BAC = $120,000
Create a word or XL document to record your answers
1.What is the cost variance, schedule variance, toss performance index, and schedule performance index for this project?
2. How is the project doing? Is it still ahead of schedule or behind? Is it under budget or over to Budget.
3. Use the Cost performance index to calculate the estimate at completion for this project. Is the project performing better or worse than planned?
4. Use the schedule performance index to estimate how long it would take to finish the project.
5. Sketch the earned value chart base for this project.
Using figure 7–5 on page 294 in the book of information technology project management eighth edition.