Assignment: Earned Value Management

Objective: Use earned value management $($EVM$)$ to assess project performance by calculating cost and schedule variances, and to forecast an estimate at completion $($EAC$).$

Assignment:

$1.$ Following the example in the workbook and the lecture videos, use the Earned ValueManagement Template to complete the following:

$$ You have a project which will stack $10$ blocks in $10$ days at a rate of $$10$ per block.

$$ At the end of day $5,$ you have spent $$50$ and have stacked $4$ blocks.

o Determine AC$,$ EV$,$ PV

o Calculate CV and CPI

o Calculate SV & SPI

o Determine BAC

o Calculate EAC

At current CPI

Earned Value Management Template

BAC$=$

Budget at Completion

How much is the total budgeted cost for the project $($total

number of blocks times the budgeted cost per block$)?$

$5\mathrm{.}1$

EAC at current $\frac{C}{P}$I $=$

Estimate at Completion

BAC$\frac{C}{P}$I

How much is the total estimated cost for the project

assuming the current cost per bock continues?

$5\mathrm{.}2.$

EAC For remaining work at budgeted rate

$AC+($Remaining work $xBC)$

How much is the total estimated cost for the project if the

remaining work is back on budget?For remaining work at budgeted rate