EVM Problems 1 You are the project manager at an industrial design firm. You expect to spend a total of $55,000 on your current project. Your plan calls for six people working on the project eight hours a day, five days a week, for four weeks. According to the schedule, your team should have just finished the third week of the project When you review what the team has done so far, you find that they have completed 50% of the work, at a cost of $25,000. Based on this information, calculate the eamed value numbers BAC, AC, SV, SPI, PV, EV, CV and CPI. Check all of the following that apply The project is ahead of schedule The project is behind schedule You should consider crashing the schedule The project is over budget The project is under budget You should find the way to cut cost 2 Your current project is an $800,000 software development effort, with two teams of programmers that will work for six months, at a total of 10,000 hours. According to the project schedule, your team should be done with 38% of the work. You find that the project is currently 40% complete You've spent 50% of the budget so far, calculate the earned value numbers. BAC AC, SV, SPI, PV, EV, CV and CPI. Check all of the following that apply The project is ahead of schedule The project is behind schedule You should consider crashing the schedule The project is over budget The project is under budget You should find the way to cut cost