Earned Value Analysis - 59 Table 1 gives forecasted data about tasks which comprises a project Equipment Materials Tasks Predecessors Labour per week Hours per Units per week A B D E Duration (weeks) 2 1 1 2 2 B 0 2 2 2 2 2. week 2 2. 2 0 0 2 4 2 D Table 2 gives the actual data for the first 8 weeks of the project while it is ongoing. Tasks Materials Labour per Predecessors week Units per Duration (weeks) 2 2 2 Equipment Hours per week 2 3 B C D E 2 2 B C D week 1 2 5 2 2 The forecasted and actual price of resources are as follows: Resource Forecasted Price Actual Price $1000 $1000 Labour week Equipmenthour Materials/unit $50 $40 $20 $25 Calculate the following: Budget at Completion b) Planned value (PV) -) Earned value (EV) d) Actual costs (AC) e Price Variance (RPV) for each resource per task f) Quantity Variance (RQV) for each resource per task {5 marks) (3 marks) (3 marks) [3 marks [3 marks) (3 marks) 0