Answers
Answer:
| Actual cost or AC = $350,000, |
| Planned cost or PV = $475,000, |
| Value completed or earned value (EV) = $300,000 |
| Cost Variance (CV) = 300,000 – 350,000 |
| = -50,000 |
| Schedule Variance(SV) = 300,000 – 475,000 |
| = -175,000 |
| Cost Performance Index (CPI) = Earned value/Actual cost |
| = 300,000/350,000 |
| = 0.8571 |
| Schedule Performance Index (SPI) = Earned value/Planned Cost |
| = 300,000/475,000 |
| = 0.6316 |
| Scheduled Time Work Performed (STWP) | ||
| Time ( t) = Schedule Variance/Slope of Planned costs = -175,000/ (475,000/17) | ||
| = - 6.2631months | ||
| Time Difference = 17- 6.2631 = 10.7369 | ||
| Time Variance = 10.7369/17 = 0.6316 |
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