Question: 2 EARNED VALUE AND RESOURCE PLANNING (25 Marks) 2.1 Earned value management helps you quantify the performance of a project. It compares costs and schedules
2 EARNED VALUE AND RESOURCE PLANNING (25 Marks) 2.1 Earned value management helps you quantify the performance of a project. It compares costs and schedules to a baseline to determine if the project is on track. (Project Plan 365,n.d.). Based on this description, analyses the project performance, based on data provided below and answer the following questions: {:[" Estimate At Completion "],[" (EAC) "]:} {:[" Actual Cost of Work "],[" Performed (ACWP) "]:} {:[" Budgeted Cost of Work "],[" Performed (BCWP) "]:} $40622.917 $1667 $2000 a) What is the earned value of the project if the current percentage complete is 35%, estimate at completion is $40622917, actual cost of work performed is $1667, and the budgeted cost of work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
