Earned Value Management (EVM) is a project management technique for measuring project performance (schedule, cost mainly) and progress in an objective manner in terms of work achieved (Value):

The data identified below was listed in a projects status report. (10 Marks)

At time of status report:

Planned Value of work (PV) = $70,000

Earned Value of work performed (EV) = $50,000

Actual Cost of work performed (AC) = $75,000

Original Planning:

Budgeted cost At Completion (BAC) = $110,000

Original length of the project is 15 months

Using the data, calculate the following:

a) Cost Performance Index (CPI). (1 mark)

b) Schedule Performance Index (SPI). (1 mark)

c) Expected cost At Completion (EAC). (1 mark)

d) Estimate To Complete (ETC). (2 marks)

e) The Schedule Variance (SV). (2 marks)

f) Discuss how the project is tracking (e.g. ahead or behind schedule, under or over budget)?