Earned Value Example

Project management

a) The following project is at the end of its sixth week. Find the cost and schedule variances. Also find the CPI and SPI and the CR. Finally, forecast the estimated final budget using the ETC and EAC for the project. What can you say about the health of the project?

b) Recalculate the values in part a) but this time using the 50-50% rule. How does it change the health outlook?

Activity Predecessors Duration (wks) Budget ($) Actual cost ($) 2 300 400 B - 3 200 180 A 2 250 300 A 600 400 E | B,C 4 400 200 % complete 100 100 100 20 20