Posted: July 25th, 2021

# Project planning – schedule and cost

When looking at the life of a project plan, it is useful to graph and outline the cost variance (CV), and schedule variance (SV). Determining progress, or lack of progress, provides essential information to assess a given project.

Complete exercise 2 in chapter 13 of the textbook. Given the data provided, in an excel spreadsheet, PowerPoint, or other appropriate method of delivery, determine the following:

1.  Schedule Variance (SV)

2.  Cost Variance (CV)

3.  Schedule Performance Index (SPI)

4.  Cost Performance Index (CPI)

In 250-300 words, answer the questions provided with the exercise. Reflect on the assessment of this project assessment. Should the project continue to improve?

Exercise 2 Question

On day 51 a project has an earned value of \$600, an actual cost of \$650, and a planned cost of \$560. Compute the SV, CV, and CPI for the project. What is your assessment of the project on day 51?

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