Earned Value
Autor: Manikanta Chowdary • December 13, 2016 • Exam • 457 Words (2 Pages) • 612 Views
Earned Value Exercise
Question 1
You have just been assigned to take over a project that is already in progress. It is an 18-month project that has been running for 9 months. The project budget is $100,000. According to current work performance information, the project is 60% complete and has cost $80,000 so far.
- What is the current Schedule Variance (SV)?
Scheduled variance = earned value – planned value. == 60000
original Cost = 80,000
(PV) = 100000 *50% = 50,000
(EV) = 60% of 100000 = 60,000
- What is the PV for this project at this point in time?
50000
- Good News or Bad News?
This is a good news as this scheduled variance is positive, if the sv is positive then the project is in the line of schedule.
Question 2
You have just been assigned to take over a project that is already in progress. It is an 18-month project that has been running for 9 months. The project budget is $100,000. According to current work performance information, the project is 60% complete and has cost $80,000 so far.
- What is the current Cost Variance (CV)?
original Cost = 80,000 USD
(PV) = 100000 *50% = 50,000
(EV) = 60% of 100000 = 60,000
60,000 – 80,000 = - 20,000
- What is the EV for this project?
60000
- Good News or Bad News?
It is a bad news. Since the cv is negative it is surely a bad news.
Question 3
You have just been assigned to take over a project that is already in progress. It is an 18-month project that has been running for 9 months. The project budget is $100,000. According to current work performance information, the project is 60% complete and has cost $80,000 so far.
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