Nyoka, as the assigned R&D PM, assigned Gabrielle Walters a mini project under the larger R&D Project. This mini project needs to be completed in 12 months. After consulting with Nickalia, the assigned accountant for the project, it was agreed that the approved budget for this project should be 200,000 USD with a constant burnt rate (the same amount is spent every month). Three months later, Gabrielle would have spent 50,000 USD. Upon close review, she finds that only 15% of the work has been completed, Jason Keene, a Cost Portfolio Management expert is being asked to assist Gabrielle by calculating and interpreting the following: i. The Schedule Variance (SV) and the Cost Variance (CV) ii. the Schedule Performance Index (SPI) and Cost Performance index (CPI)
Nyoka, as the assigned R&D PM, assigned Gabrielle Walters a mini project under the larger R&D Project. This mini project needs to be completed in 12 months. After consulting with Nickalia, the assigned accountant for the project, it was agreed that the approved budget for this project should be 200,000 USD with a constant burnt rate (the same amount is spent every month). Three months later, Gabrielle would have spent 50,000 USD. Upon close review, she finds that only 15% of the work has been completed, Jason Keene, a Cost
following:
i. The
ii. the Schedule Performance Index (SPI) and Cost Performance index (CPI)
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