Using the 5050 Rule earned value computation what is the cos

Using the 50-50 Rule earned value computation, what is the cost variance for the project as reported?

What is the cost performance index (CPI)?

If the total budget for this project is 50,000, use CPI to compute estimate at complete (EAC).

Using the earned value information garnered from the above table, provide your boss a brief status report on project progress to date. Also, provide projections for future status.

Solution

Using the 50-50 Rule earned value computation the cost variance for project as reported is:

earned variance (EV)- Actual cost (AC)

The cost performance index (CPI) is: EV/actual cost (AC)