Project Management Question of the Week

On month three, a project has a planned value of $300, an actual cost of $220, and an earned value of $250.  The budget at completion on month six is $600.  What would be the cost variance and the schedule performance index?

• 30 / 0.83
• -50 / 1.2
• -50 / 1.14
• 30 / 0.88

Hint:
Cost variance: CV=EV-AC
SPI = EV/PV