The pessimistic and optimistic revised completion costs

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Reference no: EM132258772

A project is budgeted to cost a cumulative $500 each week for five weeks scheduled (week 1 costing $500, week 2 costing $1,000, ... week 5 costing $2,500). The actual cumulative cost of the work performed is $600 each week. At week 1, 25% of the project is completed; at week 2, 45%; at week 3, 75%; at week 4, 95%; and at week 5, 100%. For each week, calculate the earned value, schedule variance, cost variance, schedule index, cost index, total variance, and time variance. Also calculate the pessimistic and optimistic revised completion costs for each week.

Reference no: EM132258772

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