Earned Value Exercise
Complete the following problems:
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
|
550
|
700
|
100
|
|
B
|
None
|
3
|
950
|
1450
|
100
|
|
C
|
A
|
2
|
300
|
350
|
50
|
|
D
|
A
|
5
|
700
|
650
|
20
|
|
E
|
B ,C
|
6
|
1000
|
350
|
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 below, calculate the cost performance index and the schedule performance index. Then calculate the estimate at completion
Planned value: 7700
Earned value: 7100
Actual costs: 7900
Budget at completion: 39900
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
|
700
|
750
|
100
|
|
B
|
A
|
5
|
1100
|
1400
|
100
|
|
C
|
A
|
2
|
250
|
300
|
100
|
|
D
|
A
|
5
|
900
|
600
|
100
|
|
E
|
B ,C
|
6
|
1300
|
1200
|
100
|
|
F
|
C
|
10
|
11000
|
12500
|
75
|
|
G
|
F
|
7
|
900
|
0
|
0
|
|
H
|
G
|
8
|
1500
|
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 $8800. However, the team spent $9200 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=6700
EV=5200
AC=7400
BAC=32000
Expected Duration=12 weeks
Calculate the following:
CV __________________
SV __________________
CPI __________________
SPI __________________
EAC __________________
Duration at Completion _______________