Question

In: Accounting

what is the cost performance index ? what is the Schedule at completion ?

what is the cost performance index ?

what is the Schedule at completion ?

and what is the Estimate at completion ?
123 Based on your project scenario which has been suggested by you or by your instructor and approved by your instructor, ans

Project Title: Date of Authorization Project Start Date Project Finish Date: Daycare Mobile Application May 3 March 1 May 2 f

B. Create the project baseline Gantt chart Task Nam Task Mode Duration Start Finish Predecessors, Baseline Dura <<<< - Daycar

( зма Question 3 Use Eamed Value Management for your Project to find out: a) Cost performance index (CPI) b) Schedule perform

Based on your project scenario which has been suggested by you or by your instructor and approved by your instructor, answer the following questions? Project Title : Daycare Mobile Application. Scenario Overview: Our project is a mobile application that called "Daycare" which helps parents and workers to do a lot of things such as: they can find children daycares easily, they can see all the daycares that locate around him/her, they can view pictures of the daycares, they can Contact with any daycare by mobile number, they can find the locations of the daycares, they can rate the daycare. Also, they can make an account, they can sign in as a quest, they can edit profile, they can add comments to any daycare, they can contact with Daycare via direct messages, they can add daycare to favorite list, and they can contact manager to add their Daycare to the application. Therefore, in this Application we will have two different parties: User, and Managers.

Solutions

Expert Solution

a.) CPI=EV/AC

  • CPI = Cost Performance Index
  • EV = Earned Value (dollars, euros, etc.)
  • AC = Actual Cost (dollars, euros, etc.)

The Cost Performance Index represents the relative amount that the task is over or under budget. As a ratio it is calculated by dividing the budgeted cost of work completed, or earned value, by the actual cost of the work performed.The cost performance index (CPI) is a measure of the financial effectiveness and efficiency of a project. It represents the amount of completed work for every unit of cost spent.

b.)

The Schedule Performance Index (SPI) is a measure of schedule efficiency, expressed as the ratio of earned value to planned value.The schedule performance index (SPI) is a measure of how close the project is to being completed compared to the schedule.As a ratio it is calculated by dividing the budgeted cost of work performed, or earned value, by the planned value.

Schedule Performance Index = (Earned Value) / (Planned Value)

SPI= EV / PV

c.)

Estimate at Completion is the total cost of the project at the end, while the Estimate to Complete is the cost required to complete the remaining work.The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.

Estimate at Completion = (Budget at Completion) / (Cost Performance Index)

Or,

EAC = BAC / CPI

ekkarill92 answered 2 years ago
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