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A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low.
A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 61 percent complete. The planners were only expecting to be 55 percent through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,421,000 and it was done for only $1,301,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,501,000 but was actually done for $9,001,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,501,000. To date they have spent $5,001,000 on the superstructure.Calculate the schedule variance, schedule performance index, and cost performance index for the project to date.
