1. Earned Value Measures

1. Calculate earned value measures for each activity and for the cumulative project as of the end of week 8; fill in the table below:

Activity	Planned Value (PV)	Earned Value (EV)	Actual Cost (AC)
Activity One			22,000
Activity Two			25,000
Activity Three			40,000
Activity Four			8,000
Activity Five			0
Activity Six			0
Activity Seven			0
Entire Project

2. Earned Value Performance Measures

3. Calculate earned value performance parameters for each activity and for the cumulative project as of the end of week 8; fill in the table below:

Activity	Schedule Variance (SV)	Schedule Performance Index (SPI)	Cost Variance (CV)	Cost Performance Index (CPI)
Activity One
Activity Two
Activity Three
Activity Four
Activity Five
Activity Six
Activity Seven
Entire Project

3. a.Is the project ahead of schedule, on schedule, or behind schedule? What EVM information are you using to make this assessment and why?Is the b. project over budget, under budget, or on budget? What EVM information are you using to make this assessment and why?

4. Earned Value Forecasts

   1. What is the value of the Cumulative CPI Estimate-at-Completion (EAC)?

   2. Using the Mathematical or Overrun to Date Estimate-at Completion, what is the value of the Estimate-to-Complete (ETC)?

   3. Using the Cumulative CPI times SPI Estimate-At-Completion, how much more or less money (other than the current budgeted amount) will you need to finish the project?

   4. How much would the Cost Performance Index (CPI) have to change in order to complete the project within the original budget?

Your project consists of seven activities with planned start and finish dates shown in the chart below: Activity budgets and earned value (EV) accrual rules from you project cost management plan are as follows: Activity Budget EV Accrual Rule 1 2 3 4 25,000 Percent Complete with Gates 20,000 Fixed Formula -0/100 50,000 Weighted Milestones 60,000 Percent Complete with Gates 30,000 Fixed Formula - 40/60 20,000 Fixed Formula - 30/70 10,000 Fixed Formula - 100/0 5 6 7 Assumptions 1. Assume a five-day work week with no holidays occurring during the work week. 2. For all activities (except activities 3 and 4), assume the expenditure rate is constant over the duration of the activity, i.e., the amount planned to be spent each week is the same. See the conceptual profile below. 3. For activity 3, the planned expenditure profile is shown below: 4. For activity 4, the planned expenditure profile is shown below: The project sponsor wants you (the PM) to present a project cost and schedule performance assessment using data through the end of week 8: Activity Actual Start Actual Finish Expended 1 Start of week 1 End of week 5 22,000 2 Start of week 6 End of week 8 25,000 3 Start of week 3 40,000 4 Start of week 8 8,000 5 6 0 7 0 0 For activity 1, three equally-valued gates have been established and all gates are complete as of the end of week 8. For activity 3, five milestones have been established with the following values: (1) milestone 1 - 10%; milestone -20%; milestone 3 -15%; milestone 4 -20%; milestone 5 - 35%. Four of the milestones are complete as of the end of week 8. For activity 4, four equally values gates (milestones) have been established. As of the end of week 8, none of the gates have been reached but the activity owner estimates 30% of the work required to reach the first gate has been accomplished. Answer the questions that follow. Show all work. Round dollar values to the nearest dollar. Calculate all other variables to three decimal places