Earned Value Management: Case < > Assumptions: 5 days have passed, 1 activity is over budget (Actual Cost at least 20% > Budget), and 1 activity is behind schedule (Actual Complete at least 20% < Planned Complete) ID# Activity Name Activity Name 1234567890 Predecessor ID#(s) Duration do not enter subtasks in this column as was done #days # days # days # days #days # days in previous assignment #days #days # days #days Budget ###$ Actual Duration #days ###$ ###$ ###$ ###$ ###$ ###$ #days $### Actual Cost Planned Complete ###% ###% Planned Value Actual Earned Value Complete ###$ ###$ # days $### ###% # days $### ###% $### #days # days #days ###$ ###$ ###$ ###$ ###$ ###$ #days $### #days ###$ # days ###$ ###% ###% ###% ###% ###% ###% ###$ ###$ ###$ ###$ ###$ ###$ ###$ ###$ ###% ###% ###% ###% ###% ###% ###% ###% $### ###$ ###$ ###$ ###$ ###$ ###$ $### ###% $### ###% $### Totals: $##,### Budget at Completion (BAC) $##,### $##,### $##,### Actual Cost (AC) Planned Value (PV) Earned Value (EV) 1. Criteria 1 day 2. SeaINSERT 5 days NETWORK DIAGRAMact 3. Evaluation I day 3 days HERE Figure 1: Network Diagram 5. Move 3 days Earned Value Terminology Actual Cost => (sum) actual cost of all work actually performed Planned Complete = Work that should (as "Planned") be completed Planned Value = (sum) approved budget for all work that should be completed [Budget x Planned Complete] Actual Complete = Actual work completed Earned Value => (sum) approved budget for all work that's actually completed [Budget x Actual Complete] Earned Value Calculations Actual Cost (AC) $###,### Cost Variance (CV = [EV-AC]) Planned Value (PV) $###,### Earned Value (EV) Budget at Completion (BAC) $###,### $###,### Schedule Variance (SV = [EV-PV]) Schedule Performance Index (SPI = [EV/PV]) Cost Performance Index (CPI = [EV/AC]) Estimate to Complete (ETC = [BAC-EV]/CPI) Estimate at Completion (EAC = [ETC+AC]) $###,### $###,### #.### #.### $###,### $###,### The first response to control this schedule is < > The second response to control this schedule is < > Network Diagram: Case Kitchen Remodel ID# Activity Name (Subtasks) 1 Plan and Design 2 Hire Contractor 3 Demo 4 Purchase Materials 5 Mechanical 6 Electrical 789 Painting Installing Appliances 9 Testing 10 Turnover Predecessor ID#(s) Duration Budget 6 days $1500 3 days $2000 4 days $1200 A 2 days $1000 B 3 days $3000 C 5 days $6000 C 3 days $300 E,F 5 days $5000 D 5 days $2000 H,G 3 days $1100 Budget at Completion: $23,100 Figure 1: Network Diagram 1 A 2 D 5 B 3 F G E 6 H 8