Reference no: EM133157518
Question - A CCTV project for a company commenced on January 2018 and was expected to be complete by December 2018. A review done in October 2018 revealed the following information.
Budgeted Cost for Work Scheduled 1,500,000
Budgeted Cost for Work Performed 1,400,000
Actual Cost for Work Performed 1,600,000
Budgeted Cost for Total Work 2,000,000
Additional Cost for Completion 1,200,000
Required - Compute the Cost Variance (CV), Cost Performance Index (CPI) and the Estimated Cost Performance Index (ECPI) for the project.
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