Your manager observes that you are just 2% through the planned duration yet you have spent 4.5% of the planned budget
Your manager observes that you are just 2% through the planned duration yet you have
spent 4.5% of the planned budget
Your manager observes that you are just 2% through the planned duration yet you have
spent 4.5% of the planned budget. At this rate, according to your manager, you will
spend 2.25 times the budget or $36 M. At this point your manager panics and demands
that you reign in your spending because “you are sending the company bankrupt”. The
manager orders you to report back with better results at day 90, then dismisses you
from their office.
At Close of Business (COB) of workday 90 you get the following data:
• Planned Value = $2.25 M
• Actual Cost = $2.00 M
• Earned Value = $1.80 M
From the data above, calculate:
a. Schedule Performance Index
b. Cost Performance Index
c. Estimated duration of the project
d. Estimate at Completion (estimated Actual Cost of the project based on
progress to date)