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Earn Value

The document presents an Earned Value Analysis for a project over two periods, detailing Planned Value (PV), Earned Value (EV), Actual Cost (AC), and various performance metrics. In the first period, the project is over budget and behind schedule, while in the second period, it is under budget and ahead of schedule. Key metrics such as Cost Variance (CV), Schedule Variance (SV), and Cost Performance Index (CPI) are calculated to assess project performance.

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Sparsh Shukal
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8 views2 pages

Earn Value

The document presents an Earned Value Analysis for a project over two periods, detailing Planned Value (PV), Earned Value (EV), Actual Cost (AC), and various performance metrics. In the first period, the project is over budget and behind schedule, while in the second period, it is under budget and ahead of schedule. Key metrics such as Cost Variance (CV), Schedule Variance (SV), and Cost Performance Index (CPI) are calculated to assess project performance.

Uploaded by

Sparsh Shukal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Earn Value Exercise

a. Calculated values are as shown in the table below:

What is Calculation Answer Interpretation of answer


PV = 3*($2000) = $6000 Estimated value of work planned to
be done at the end of day 3; with cost
of $2000/side/day
EV Here, Total Work done = $5000 The value of work accomplished is
2 sides complete (25% each) and 1 side less than the actual amount spent.
50% (50% of 25% = 12.5%) This means the efficiency of work
= (25% + 25% +12.5%) = 62.5% is less.

Total work planned to be done at the end


of day 3 = 75%

62.5
Rate of Performance = ( 75 ∗ 100)
∴ EV = RP * PV
= 0.8333 * $6000

AC Actual cost of work incurred = $5600 Actual cost of work incurred for the
= ($2000 + $2400 + $1200) work accomplished is less than
planned value, but at the same time
the work is unfinished and the
quantity of work is not at par.
BAC Total budget for the project = $8000 -
= $8000
CV Earned Value – Actual Cost = (-$600) -ve Cost Variance means the
= $5000 - $5600 project is running over budget
CPI Earned Value $5000 = 0.8929 CPI < 1 suggest the project is
= running over budget
Actual Cost $5600
SV Earned Value – Actual Cost = (-$1000) -ve Schedule Variance means the
= $5000 - $6000 project is behind schedule
SPI Earned Value $5000 = 0.8333 SPI < 1 suggest the project is
= behind schedule
Planned Value $6000
EAC Budget at completion $8000 = $8988 The Expected Total Cost of project
= at the end of day 4 is $8988
Cost Performance Index 0.89
ETC Estimate at Completion – Actual Cost = $3388 The amount required to complete
= $8988 - $5600 the project from this stage is $3388
VAC Budget at completion - Estimate at = (-$988) The Project is $988 over Budget
Completion = $8000 - $8988
b. Calculated values are as shown in the table below:

What is Calculation Answer Interpretation of answer


PV = 3*($2000) = $6000 Estimated value of work planned to
be done at the end of day 3; with cost
of $2000/side/day
EV Here, Total Work done = $6500 The value of work accomplished is
2 sides complete (25% each), 1 side more than the actual amount spent.
50% and 1 side 75% This means the efficiency of work
= (25% + 25% +12.5% +18.75%) is more.
= 81.25%

Total work planned to be done at the end


of day 3 = 75%

81.25
Rate of Performance = ( 75
∗ 100)
∴ EV = RP * PV
= 1.0833 * $6000

AC Actual cost of work incurred = $6200 Actual cost of work incurred for the
= ($2000 + $1800 + $1200 + $1200) work accomplished is more than
planned value, but at the same time
more work is finished
BAC Total budget for the project = $8000 -
= $8000
CV Earned Value – Actual Cost = $300 +ve Cost Variance means the
= $6500 - $6200 project is running under budget
CPI Earned Value $6500 = 1.0484 CPI > 1 suggest the project is
= running under budget
Actual Cost $6200
SV Earned Value – Actual Cost = $500 +ve Schedule Variance means the
= $6500 - $6000 project is ahead of the schedule
SPI Earned Value $6500 = 1.0833 SPI > 1 suggest the project is ahead
= of the schedule
Planned Value $6000
EAC Budget at completion $8000 = $7620 The Expected Total Cost of project
= at the end of day 4 is $7620
Cost Performance Index 1.04
ETC Estimate at Completion – Actual Cost = $1420 The amount required to complete
= $7620 - $6200 the project from this stage is $1420
VAC Budget at completion - Estimate at = $380 Project will be complete with $380
Completion = $8000 - $7620 to spare.

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