Earned Value Exercises Exercise 1 A project was scheduled to take 5 weeks to complete. The project manager was using Earned Value to monitor the progress of the project and at the end of the 5 weeks has recorded the following data: Week 1 2 3 4 BCWS 2,500 5,000 10,000 15,000 28,000 ACWP 3,400 6,500 11,000 16,000 26,500 BCWP 1,600 4,500 7,500 17,000 24,000 5 1. Calculate the CPI, SPI and Critical Ratio for each week of the project. 2. Draw a Quad Plot and comment on the progress of the project over the 5 weeks. 3. Calculate the estimated cost of the project at completion (EAC) under each of the following conditions: The project manager is unhappy with the accuracy of his estimates to date and feels that many of the assumptions he made are no longer valid. b. The project manager is happy with his estimates and feels they are indicative of what will happen for the remainder of the project. The project manager is happy with the estimates and feels that the variances that have happened on the project to date will continue. a. c