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Compute the cost variance and cost performance index

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Reference no: EM133157518

Question - A CCTV project for a company commenced on January 2018 and was expected to be complete by December 2018. A review done in October 2018 revealed the following information.

Budgeted Cost for Work Scheduled 1,500,000

Budgeted Cost for Work Performed 1,400,000

Actual Cost for Work Performed 1,600,000

Budgeted Cost for Total Work 2,000,000

Additional Cost for Completion 1,200,000

Required - Compute the Cost Variance (CV), Cost Performance Index (CPI) and the Estimated Cost Performance Index (ECPI) for the project.

Reference no: EM133157518

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