Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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You are working on a manufacturing project having a budget of PKR 3,600,000 and the expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve months. At the end of the fourth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project are giving the presentation to all the attendees and informed them that the project is on schedule and PKR 1,800,000 has already been spent on the project.

 

  1.  Calculate Cost and Schedule Variance
  2. What is SPI and CPI of the project?
  3. Estimate at completion and Estimated time to complete?
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