Question: Earned Value Management (EVM) Let's say you are the program manager in charge of a building project. Your project is the construction of a multistore

Earned Value Management (EVM)

Let's say you are the program manager in charge of a building project. Your project is the construction of a multistore commercial building which is 15 stories high. Based on the project plan, the cost of construction will be $95,000 per floor. The project will take 9 months to complete.

Three months into the project you have spent $270,000 and finished 3 stories of the building.

You have been requested to report on the performance of your project and determine how much time it will take to complete the project and how much money it will cost to complete the project.

Is the project behind or ahead of schedule?

Will it be completed on budget, over budget or underbudget?

What recommendations cannyou give to get it back on track?

Utilize the following EVM equations to complete the previous questions.

Earned Value Management (EVM) Let's say you are

The formulae for EVM are enumerated below CV = AC - EV SV = EV - PV CPI = AC / EV SPI = EV/PV EAC = AC + BAC - EV EAC = BAC / CPI EAC = AC + (BAC - EV)/(SPI* CPI)

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