Question

In: Statistics and Probability

You are managing a software project with an initial budget estimate of 2 million dollars. During...

  1. You are managing a software project with an initial budget estimate of 2 million dollars. During your interim cost and schedule performance analysis, you figured out that:

  • You should have spent $500,000 based on your initial plans and 1,000 man/days of schedule activities

  • You spent $600,000 and completed 1,100 man/days of schedule activities which should have cost $450,000 based on your initial plans.

  • You re-estimated the budget for the remaining work to be done as $1,500,000.

Calculate the following:

  1. What is the CPI and SPI of the project respectively?

  1. What is the CV and SV of the project respectively?

  1. What is the Variance at Completion?

  1. What is the TCPI based on your new Estimate at Completion value?

  1. What is the status of your project?

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