SOFTWARE PROJECT MANAGEMENT

Name: Arshad khan

ID:12234
Section: B
Assignment: Minor#03
Submitted To: Sir Wahab Khan
Date: 26 / 12 / 2023

Question 01:
You're leading a marketing campaign for a tech company's latest product, with
a budget of $80,000. Currently, the campaign is 70% completed, encompassing
the development of promotional materials, social media outreach, and initial
influencer partnerships. The actual expenditure incurred so far totals $55,000.
Calculate the Earned Value (EV), Planned Value (PV), Cost Performance Index
(CPI), and Schedule Performance Index (SPI). Assess the project's cost and
schedule performance based on these metrics, and discuss potential
implications for the remaining campaign activities.

Answer:

Objective:

As part of a marketing campaign for a tech company's latest product, you are
tasked with calculating key project performance metrics and providing an
analysis based on the given information.

Let's calculate the Earned Value (EV), Planned Value (PV), Cost Performance
Index (CPI), and Schedule Performance Index (SPI) using the given information.

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Given Information:
 Budget (BAC): $80,000
 Actual Cost (AC): $55,000
 Percent Complete (PC): 70%

1. First, calculate Planned Value (PV):

PV=BAC×PC

PV = $80,000 \times 0.70

PV = $56,000

2. Now, calculate Earned Value (EV):

EV=BAC×PC

EV = $80,000 \times 0.70

EV = $56,000

3. Next, calculate Cost Performance Index (CPI):

CPI= AC/EV

CPI≈1.018

4. Now, calculate Schedule Performance Index (SPI):

SPI= PV/EV

SPI=1

Results:

 Earned Value (EV): $56,000

 Planned Value (PV): $56,000
 Cost Performance Index (CPI): 1.018
 Schedule Performance Index (SPI): 1

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Analysis:

 Cost Performance (CPI > 1):

 The project is slightly under budget, indicating cost efficiency.

 Suggests effective cost management and potential for savings.

 Schedule Performance (SPI = 1):

 The project is on schedule, showing adherence to the planned

timeline.

 Indicates good progress and efficient use of time.

Implications:

 Cost Performance:

 Continue monitoring remaining activities to maintain cost

efficiency.

 Consider reallocating funds or resources for optimization.

 Schedule Performance:

 Ensure that the remaining activities align with the established

timeline.

 Proactively manage potential delays to sustain on-time project

completion.

Note: Regular monitoring and adaptation of the plan are crucial for project
success.

This refined assignment maintains the core idea of calculating project

performance metrics and provides a clear analysis and implications for the
ongoing campaign.

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