Explaining schedule variance and cost performance index

Assignment Help Project Management

Reference no: EM1339158

Q1) Decide whether these statements are TRUE or FALSE. In the management of people, the project manager:

i) must convert mistakes into learning experiences.

ii) act as the lubricant that eases the friction (i.e., conflicts) between the functioning parts.

Q2) Assume you have completed three months of the project. The BAC was $200 000 for this six month project. Also assume the following:

PV = $120,000
EV = $100,000
AC = $90,000

A. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

B. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

C. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?

Reference no: EM1339158

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