Given a project with the following characteristics, answer the following questions: You are the project manager of a project to plant trees on the sidewalks of the local community. Your project is scheduled to last for 6 months. You are to plant (thirty) 30 trees each month. Each tree is planned to cost R1 000. It is now the last day of month 3. You have planted 80 trees and your CPI is 1.11. 1. What is the actual cost of the project right now? 2. What is the current schedule performance index (SPI) of the project? 3. How is the project currently performing in terms of budget and schedule? Motivate your answer. 4. What is the percentage of the project that is currently complete. What should be reported?
Given a project with the following characteristics, answer the following questions: You are the project manager of a project to plant trees on the sidewalks of the local community. Your project is scheduled to last for 6 months. You are to plant (thirty) 30 trees each month. Each tree is planned to cost R1 000. It is now the last day of month 3. You have planted 80 trees and your CPI is 1.11. 1. What is the actual cost of the project right now? 2. What is the current schedule performance index (SPI) of the project? 3. How is the project currently performing in terms of budget and schedule? Motivate your answer. 4. What is the percentage of the project that is currently complete. What should be reported?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Given a project with the following characteristics, answer the following questions:
- You are the project manager of a project to plant trees on the sidewalks of the local community.
- Your project is scheduled to last for 6 months.
- You are to plant (thirty) 30 trees each month.
- Each tree is planned to cost R1 000.
- It is now the last day of month 3.
- You have planted 80 trees and your CPI is 1.11.
1. What is the actual cost of the project right now?
2. What is the current schedule performance index (SPI) of the project?
3. How is the project currently performing in terms of budget and schedule? Motivate your answer.
4. What is the percentage of the project that is currently complete. What should be reported?
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