Interpreting Project Performance. You have collected data (as provided in the Ex

Question

Interpreting Project Performance. You have collected data (as provided in the Excel template) based on three months of your project’s performance. Complete the Excel table by computing cumulative earned value, cumulative action cost, cost performance index (CPI), and cumulative CPI. Based on the results, how is the project performing after these three months? Is the trend positive or negative?

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3. Interpreting Project Performance A. You have collected the following data based on three months of your project's performance. Complete the table Cumul EV Cumul Cumul EV ACACCPICPI January 30,000 February 95,000 March 125,500 35,000 100,000 138,000 B. How is the project performing after these three months? C. Is the trend positive or negative?

Explanation / Answer

A. Cumulative EV and AC for a month is computed by adding all the EVs from January upto the month.

CPI = EV/AC

Cumul. CPI = Cumul. EV / Cumul AC

Completed table is following

B. CPI for all the three months is less than 1. Also cumulative CPI at the end of every month is less than 1. That means project is over budget in every month on a standalone as well as consolidated/cumulative basis. Therefore, the completed project is likely to cost more than budget.

C. Project is consistently over budget, therefore, the trend is negative

Cumul. Cumul. Cumul. EV EV AC AC CPI CPI January 30,000 30,000 35,000 35,000 0.8571 0.8571 February 95,000 1,25,000 1,00,000 1,35,000 0.9500 0.9259 March 1,25,500 2,50,500 1,38,000 2,73,000 0.9094 0.9176

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