You are managing a project to film 5 promotional videos to be posted on Youtube, to promote a company. Your project has a Budget at Completion (BAC) of $12,000. One of the tasks on the critical path is to arrange a filming location. The task has a BAC of $2,000. You have confirmed 4 of the 10 locations. The task is scheduled to take 2 weeks (10 days), and it is the end of day 2. You have spent $300 so far.
a. Identify the task’s BAC, Actual Cost (AC), Earned Value (EV), and Planned Value (PV)
b. Calculate the Schedule Performance Index (SPI) and Cost Performance Index (CPI)
c. What do the results tell you about the task’s schedule and budget?