Earned Value

In: Business and Management

Submitted By mrgunder
Words 714
Pages 3
Problems 5-1 through 5-2 (Graded) 5-1 Earned Value Calculation Your project has four activities. Below is the current status of each activity. Activity A was to have cost $150,000 when complete. Its costs so far are $45,000. It is 35% complete. The activity has completed 5 weeks of a planned 15-week schedule. Activity B is at the end of week 2 of a planned 4-week effort. It is 45% complete. It was to cost $100,000 when finished. Its costs to date are $50,000. Activity C is finished. It finished 2 weeks late. It cost $100,000. And it was planned to have cost $110,000. Activity D is beginning its forth of a planned 6-week schedule. It has cost $200,000 so far. It was estimated to cost $450,000 when finished. It is approximately 55% complete. Using this data, calculate the following. 1. What are the PV, EV, and AC for the project?

Activity APV = 5/15 X $150,000 = $50,000EV = 35% X $150,000 = $52,500AC = $45,000 | Activity BPV = 2/4 X $100,000 = $50,000EV = 45% X $100,000 = $45,000AC = $50,000 | Activity CPV = $110,000.EV = 100% X $110,000 = $110,000AC = $100,000 | Activity DPV = 3/6 X $450,000 = $225,000EV = 55% X $450,000 = $247, 500AC = $200,00 |

AC Cumulative = $45,000 + $50,000 + $100,000 + $200, 000 = $395,000
PV Cumulative = $50,000 + $50,000 + $110,000 + $225,000 = $435,000
EV Cumulative = $52,500 + $45,000 + $110,000 + $247,500 = $455,000
BAC = $150,000 + $100,000 + $110,000 + $450,000 = $810,000

2. What are the SV, CV, SPI, and CPI for the project?

SV = EV – PV = $455,000 - $435,000 = $20,000
CV = EV – AC = $455,000 - $395,000 = $60,000
SPI = EV / PV = $455,000 / $435,000 = 1.05
CPI = EV / AC = $455,000 / $395,000 = 1.15

3. Assess the project performance to date? Do you get to have the celebration?

A positive schedule variance or a SPI greater than one indicates the project is ahead of…...

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