Question: Complete an earned value analysis for the following project. EVM Term Formula Value Planned Value (PV) PV $775,000 Earned Value (EV) EV $732,750 Actual Cost

Complete an earned value analysis for the following project.

EVM Term

Formula

Value

Planned Value (PV)

PV

$775,000

Earned Value (EV)

EV

$732,750

Actual Cost (AC)

AC

$827,532

Budget at Completion (BAC)

BAC

$1,450,000
  1. Compute the following values.
    1. Schedule Variance (SV)
    2. Cost Variance (CV)
    3. Schedule Performance Index (SPI)
    4. Cost Performance Index (CPI)
    5. Estimate at Completion (EAC)
    6. Estimate to Complete (ETC)
  2. Assume the original project was scheduled to complete in 24 months, what is the new completion date estimate based on the current schedule performance index?
  3. As the project manager of the project, what would you do now to keep the project on track based on the results of your earned value analysis? Explain why you chose those actions.

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