Project Management Question of the Week

A simple and fast way of calculating the estimate at completion for the project, would be to take the budget at completion and divide by:

• Cost variance
• Cost performance index
• To-complete performance index
• Schedule performance index

The basics of the Earned Value Management Process - - link.

Bonus points -

A project for the transfer and distribution of electric power is reporting a cost performance index of 0.72.  We could say that:

• The project gets $0.72 for every spent dollar
• Is is expected that the total project cost be 72% higher than planned
• The project is 28% under the planned value
• The project has completed only 72% of what was planned