Question: arned value exercise using 0 - 1 0 0 rule for work in process A customer hires a consultant to install and configure analytics software
arned value exercise using rule for work in process
A customer hires a consultant to install and configure analytics software on five identical servers. The
consultant will work alone and be reimbursed for labor only. Because the software is known to be
difficult to configure, the consultant estimates two days per server at eight hours per day and at $
per hour. The customer and consultant agree to use the rule to determine earned value EV ie
the EV for each server will be $ until the server is finished, at which time the EV will change to the
budgeted cost for the server.
The first server was completed in three days because of time needed to understand how to configure
the software. The second server was completed in two days.
Determine the values for the following as of the end of day
a PV
b EV
c AC
d BAC
e SV
f CV
g EAC
h VAC
i ETC
j Percent complete
k SPI
l CPIearned
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