Build 4 walls. 1-day to build a wall at a cost of $2,000 per wall. It is now the end of day 3 The client has paid the contractor $5,700. 32 o Wall 1: complete, $2,000 earned o Wall 2: complete, $2,000 earned o Wall 3: 50% complete, $1,000 earned o Wall 4: not started Earned Value Reporting (EVR) What is the PV - value of work planned to this point of the project? = $6,000 (3 walls x $2,000) What is the EV - value of work completed = $5,000 (2.5 walls x $2,000) What is the AC - costs paid or incurred for the work? = $5,700 What is the BAC - total budget for the project = $8,000 (4 walls x $2,000) Is the project on schedule