Suppose you have a budgeted cost of a projectat $900,000. The project is to be completed in 9 months. After a month, you have completed 10 percent of the project at a total expense of $100,000. The planned completion should have been 15 percent. Now, let’s see how healthy the project is by computing the CPI and SPI.
1. Suppose you have a budgeted cost of a projectat $900,000.
The project is to be completed in 9 months. After a month, you have
completed 10 percent of the project at a total expense of $100,000.
The planned completion should have been 15 percent. Now, let’s see
how healthy the project is by computing the CPI and SPI.
2. Suppose you are managing a software development project. The
project is expected to be completed in 8 months at a cost of $10,000
per month. After 2 months, you realize that the project is 30 percent
completed at a cost of $40,000. You need to determine whether the
project is on-time and on-budget after 2 months. Now, let’s see how
healthy the project is by computing the CPI and SPI.
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