Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3 decimal places.)

Principles Of Marketing
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ISBN:9780134492513
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Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
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A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70% complete. The planners were expecting to be only54% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,419,000 and it was done for only $1,299,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,499,000 but was actually done for $8,999,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,499,000. To date, they have spent $4,999,000 on the superstructure.

 

Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3 decimal places.)

 

Schedule variance
Schedule performance index
Cost performance index
Transcribed Image Text:Schedule variance Schedule performance index Cost performance index
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Follow-up Question
A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running
very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70
percent complete. The planners were expecting to be only 53 percent through the third activity at this time. The first activity involves
prepping the site for the bridge. It was expected that this would cost $1,419,800 and it was done for only $1,299,800. The second
activity was the pouring of concrete for the bridge. This was expected to cost $10,499,800 but was actually done for $8,999,800. The
third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,499,800. To date,
they have spent $4,999,800 on the superstructure.
Calculate the schedule variance, schedule performance index, and cost performance index for the project to date.
Note: Round your "performance index" values to 3 decimal places.
Schedule variance
Schedule performance index
Cost performance index
4
Transcribed Image Text:A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70 percent complete. The planners were expecting to be only 53 percent through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,419,800 and it was done for only $1,299,800. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,499,800 but was actually done for $8,999,800. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,499,800. To date, they have spent $4,999,800 on the superstructure. Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. Note: Round your "performance index" values to 3 decimal places. Schedule variance Schedule performance index Cost performance index 4
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