Your project to obtain charitable donations is now 38 days into a planned 48-day
ID: 339451 • Letter: Y
Question
Your project to obtain charitable donations is now 38 days into a planned 48-day project. The project is divided into 3 activities. The first activity is designed to solicit individual donations. It is scheduled to run the first 33 days of the project and to bring in $25,300. Even though we are 38 days into the project, we still see that we have only 88% of this activity complete. The second activity relates to company donations and is scheduled to run for 38 days starting on day 5 and extending through day 43. We estimate that even though we should have (33/38) 87% of this activity complete, it is actually only 50% complete. This part of the project was scheduled to bring in $150,300 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,600. So far $175,800 has actually been brought in on the project.
Calculate the schedule variance, schedule performance index, cost variance and cost (actually value in this case) performance index. (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your dollar amounts to the nearest whole number. Round your "performance index" values to 3 decimal places.)
Schedule variance $ Schedule performance index Cost variance $ Cost performance indexExplanation / Answer
BCWS
BCWP
Scheduled Variance = Total for BCWP - Total for BCWS
= 97161 - 157664 = - 60,503
Scheduled performance index = 97161 / 157664 = 0.6162
Cost of variance = 97161 - 175,800 = - $ 78,639
Cost performane index = 97161 / 175800 = 0.5526
Activity 1 100% of 25,300 $ 25,300 Activity 2 88% of 150,300 $ 132,264 Actitvity 3 0% of 50,600 $ 0 Total $ 157,564Related Questions
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