Reference no: EM131781207

Following are data reporting progress on a project. Work on all tasks contained in the table is scheduled to be accomplished as of the day of the report.

Budget      Begun?    Complete?     Actual           Earned Value cost

Task A            3,100           Yes             Yes            3,100

Task B            4,000           Yes             Yes            4,500

Task C            2,500           Yes             Yes            2,250

Task D            4,000           Yes              No             3,500

Task E            3,500           Yes             Yes            4,000

Task F             2,500            No               No                0

1) Using the 50-50 Rule, what is earned value for this project?

2)  Using the 0-100 Rule, what is earned value for this project?

3)  Note the discrepancy of earned value figures when using the 50-50 Rule and 0- 100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your rationale.

4) Using the 50-50 Rule earned value computation, what is schedule variance for the project as reported?

5) What is the schedule performance index (SPI)?

6) Using the 50-50 Rule earned value computation, what is the cost variance for the project as

reported?

7) What is the cost performance index (CPI)?

8) If the total budget for this project is 50,000, use CPI to compute estimate at complete (EAC).

9) Using the earned value information garnered from the above table, provide your boss a brief status report on project progress to date. Also, provide projections for future status.