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Assume you have completed three months of the project FG. The Budget at Completion (BAC) was 200,000 for this six-month project. Also assume the following:
1. Calculate the following:
Cost Variance (CV) =?
Schedule Variance (SV) =?
Cost Performance Index (CPI) =?
Schedule Performance Index (SPI) =?
Estimated time to complete =?
2. Explain the meaning of the obtained results for all CV, SV, CPI, and SPI formulas in the above questions?
(Hint: CPI value is =1, means the cost of the project is on budget)
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