Earned Value Exercise Complete the following problems: (Total 5) please answer a
ID: 3576094 • Letter: E
Question
Earned Value Exercise
Complete the following problems: (Total 5) please answer all questions.
1. The following project is at the end of its first week. Find the cost and schedule variances, the cost performance index, the schedule performance index and the estimate at completion.
Task
Predecessors
Duration in days
Planned Value ($)
Actual Cost ($)
Percent Complete
A
None
2
500
650
100
B
None
3
1000
1500
100
C
A
2
200
300
50
D
A
5
600
600
20
E
B ,C
6
1200
550
10
To do this exercise, it is best to start with a Gantt chart depicting the task relationships.
CV ______________________ CPI ________________
SV ______________________ SPI ________________
EAC _____________________
2. Using the following information, calculate the cost performance index and the schedule performance index. Then calculate the estimate at c
Planned value: 6700
Earned value: 6100
Actual costs: 7300
Budget at completion: 38900
CPI _______________________ SPI _____________________________
EAC ______________________
3. The following project is at the end of its third week. Find the cost and schedule variances, the cost performance index, the schedule performance index and the estimate at completion.
Task
Predecessors
Duration in days
Planned Value ($)
Actual Cost ($)
Percent Complete
A
None
3
600
650
100
B
A
5
1000
1500
100
C
A
2
200
300
100
D
A
5
1000
600
100
E
B ,C
6
1200
1200
100
F
C
10
10000
12000
75
G
F
7
700
0
0
H
G
8
1600
0
0
To do this exercise, it is best to start with a Gantt chart depicting the task relationships.
CV ______________________ CPI ________________
SV ______________________ SPI ________________
EAC _____________________
4. Mary is the project manager for a web design project for Newberry Pet Foods. So far in the six weeks (of the twelve week project), Mary’s team has completed five tasks which had a combined planned value of $7800. However, the team spent $8200 to complete those tasks. She has five additional tasks to complete the project. What are the PV, EV, AC, CV, SV, CPI, and SPI for Mary’s project?
5 .Consider the following information:
PV=6500
EV=5000
AC=7200
BAC=32000
Expected Duration=12 weeks
Calculate the following:
CV __________________
SV __________________
CPI __________________
SPI __________________
EAC __________________
Duration at Completion _______________
Task
Predecessors
Duration in days
Planned Value ($)
Actual Cost ($)
Percent Complete
A
None
2
500
650
100
B
None
3
1000
1500
100
C
A
2
200
300
50
D
A
5
600
600
20
E
B ,C
6
1200
550
10
Explanation / Answer
1. Ans :
AC = 650+1500+300+600+550 = 3600
EV = (100+100+50+20+10)% * (AC)
EV = (280/100)*3600 = 1570.50
BAC = 32000
PV = 500+1000+200+600+1200 = 3500
CV = EV – AC = 1570.50 - 3600 = -2029.50
SV = EV – PV = 1570.50 - 3500 = -1929.50
CPI = EV / AC = 1570.50/3600 = 0.4362
SPI = = 157.50/ 3500 = 0.4487
EAC = AC + (BAC – EV) = 3600 +32000 - 1570.50 = 34029.5
2. Ans :
PV = 6700
EV = 6100
AC = 7300
BAC = 38900
CPI = EV / AC = 6100/7300 = 0.8356
SPI = EV / PV = 6100/6700 = 0.9104
EAC = AC + (BAC – EV) = 7300 + 38900 - 6100 = 40100
3. Ans :
pv = 600+1000+200+1000+1200+10000+700+1600 = 16300
AC = 650+1500+300+600+1200+12000+0+0 = 16250
BAC = ((100+100+100+100+100+75)/100)*16250 = 93437.5
EV = (500/100)*16300 = 81500
CV = EV – AC = 81500 - 16250 = 65250
SV = EV – PV = 81500 - 16300 = 65200
CPI = EV / AC = 81500/ 16250 = 5.015
SPI = EV / PV = 81500/16300 = 5.00
EAC = AC + (BAC – EV) = 16250+93437.5 - 81500 = 28187.5
4. Ans :
PV = 7800
AC = 8200
EV = (50/100)*8200 = 4100
CV = EV - AC = 4100 - 8200 = -4100
SV = EV – PV = 4100 - 7800 = -3700
CPI = EV / AC = 4100/8200 = 0.5
SPI = EV / PV = 4100/ 7800 = 0.5256
5. Ans :
CV = EV – AC = 5000 - 7200 = -2200
SV = EV – PV = 5000 - 6500 = -1500
CPI = EV / AC = 5000/7200 = 0.6944
SPI = EV / PV = 5000/6500 = 0.7692
EAC = AC + (BAC – EV) = 7200 + (32000 - 5000) = 34200
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