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Question about Project Variances-earned Value Analysis
A project has just completed the 87th item in its action plan. It was scheduled to have spent $168,000 at this point in the plan, but has actually spent only $156,000. The foreman estimates that the value of the work actually finished is about $162,000. What are the spending and schedule variances for the project? What are the SPI and CPI?
How have the projects you have been involved in been concluded and what do you feel is the proper length of time for a project?
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An inexperienced project manager analyzed the budget vs. actual costs and found that project spending was 10% under budget and was overjoyed at such "good news."
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