Cost Management Exercise No.4 Earned Value Your project is to build a 3,000 square foot deck on your house. The cost per square foot is $1.50, which includes labour and material. The crew is made up of 2 skilled carpenters plus 3 labour workers. The crew plans to construct 1,000 square feet per day. Today is the end of day 2 with 1,500 square feet of deck is complete and the costs expended to date are $3,500. Using the above information, calculate the values required below: CALCULATIONS ANSWER INTERPRETATION OF THE ANSWER FIND BAC Budget at Completion PV (BCWS) Planned Value EV (BCWP) Earned Value AC (ACWP) Actual Cost CV Cost Variance SV Schedule Variance CPI Cost Performance Index SPI Schedule Performance Index EAC Estimate al Completion ETC Estimate to Completo VAC Varance at Completion