1.Explain the difference between Planned Value and Earned Value as it related to a cost loaded schedule.

2.Define what an SPI of 1.05 means? Is it acceptable?

3.A project manager reviews the schedule, cost reports and daily reports for progress. She notices that progress is at a Productivity rate of 0.96, with costs for the planned value of the work at 117%. This is the second reporting period in which these factors; Productivity rate less than 1.0 and costs greater than 100%. Explain what she sees in the data and what can be expected going forward if no action is taken.

4.What is a constraint? Provide some examples of typical constraints.

5.Select one (1) of the methods for calculating performance in order to determine Earned Value and explain it.