Chapter $14-$ Determining Project Progress and Results

Classwork $-$ Earned Value Management

Use the following information to answer parts a through $h.$ Describe what the results of each calculation mean to you as a project manager. What do you propose to do$?$

$PV=$$$500,000$

$EV=$$$350,000$

$AC=$$$550,000$

BAC$=$$$1,200,000$

a$.$ Schedule variance $($SV$)$

b$.$ Cost variance $($CV$)$

c$.$ Schedule performance index $($SPI$)$

d$.$ Cost performance index $($CPI$)$

e$.$ Estimate to complete $($ETC$-$first method$)$

f$.$ Estimate to complete $($ETC$-$second method$)$

g$.$ Estimate at completion $($EAC$)$

h$.$ To$-$complete performance index $($TCPI$)$