Earned Value Management Individual Assignment

Project Plan: Produce 8 widgets in 8 months. There is no learning curve effect. Production Total Cost Rate \"month $800,000 Current Status at end of April Current Date Number Cost to Date Produced April 30 3 $375,000 Method Formula Description Manual EAC=AC +Bottom up ETC Actual cost incurred for work completed plus a new estimate for remaining work ETC work performed EAC = AC + BAC - EV Actual cost for work at the budgeted rate completed plus all remaining work at the budgeted rate ETC work performed EAC = BAC / cumulative CPI Assumes cost performance at the present CPI will continue at the present rate for the remainder of the project ETC work considering EAC = AC + (BAC - EV) Remaining work will be SPI and CPI factors CPI X SPI performed at an efficiency rate that considers cost and schedule performance to date