Use This Earned Schedule Table to Determine the Schedule Performance

question 106

Multiple Choice

Use this earned schedule table to determine the schedule performance index (t) for this project at the end of Month 6. $$\begin{array} { | l | l | l | l | l | l | l | l | } \hline & \text { Month 1 } & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month 6 } & \text { Month } 7 \\\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\\hline \text { EV (\$) } & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0 \\\hline\end{array}$$

• A)0.71
• B)0.54
• C)0.38
• D)0.21

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Definitions:

Service Revenue Budget

It outlines the expected revenue from services provided over a specific period, forming part of a company's overall budgeting process.

Sales Budget

A financial projection that estimates future sales, usually in terms of both volume and revenue.

Operating Expenses

Costs associated with the day-to-day activities of a business, excluding the cost of goods sold, such as rent, utilities, and salaries.

Budgeted Purchases

The estimated amount of goods or inventory a business plans to buy during a specific period.