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You are currently managing a project with planned two-year duration.

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You are currently managing a project with planned two-year duration. The project is currently in its fourth month. The actual costs to date are \$420,000. The planned expenditures to date were 470,000. Earned value is currently \$400,000. Budget at Completion for the Project is \$1,000,000.;Computation of the Cost performance Index (CPI) and Schedule Performance Index (SPI);Given Information;Actual Cost \$420,000;Planned Expenditures \$470,000;Earned Value \$400,000;Budget completion \$1,000,000;Where As;PV \$470,000;EV \$400,000;AC \$420,000;BAC \$1,000,000;CV = EV - AC -20,000;SV = EV - PV -70,000;CPI = EV/AC 0.952380952;SPI = EV/PV 0.85106383;Hence the Cost performance Index (CPI) is 0.95 or 95.23% and Schedule Performance Index (SPI) is 0.85 or 85.106%;B. Based on these indices, provide an evaluation of the project?s current status.;C. Your program manager is concerned about your capability to complete the project within 10%;of the targeted budget. Provide your evaluation as to whether you feel that your team is;capable of doing so, based on past research on projects.;D. What is your optimistic estimate of what this project will cost when it is completed?

Paper#33051 | Written in 18-Jul-2015

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