Question: Exercise 13-2 Earned Value 1. For each example determine the Planned Value (BCWS) and the Earned Value (BCWP) for the three measurement periods. (You can

Exercise 13-2 Earned Value 1. For each example determine the Planned Value (BCWS) and the Earned Value (BCWP) for the three measurement periods. (You can assume that a project manager provided the information on progress and as the program manager you need to ensure that the guidelines for earning were followed.) Use the budget values to determine the PV (BCWS) and the EV (BCWP). Please see Study Aid in this lesson. Usage Guidelines For Earnings Methods To Determine Earned Value: 01 Yiijl001 Yii - 100% is earned only at the completion of the work package. Do not use %Complete. %Startf%Comp1ete - The first planned X% is only earned at the actual (early, late or on time) start of the work package, and second plarmed X% is only earned at the actual completion of the work package. Milestone - The planned value for each milestone is earned at the point the milestone is achieved. - A milestone carmot be claimed as complete until the previous milestone is complete. Milestone/% Complete - The planned value for each milestone is earned at the point the milestone is achieved. - For the measurement period(s) using% Complete, the percentage of the planned value for the following milestone in the next period is earned based on the percent actually completed. - No percent complete is allowed until the previous milestone is complete. - The percent complete cannot exceed 80% prior to the actual milestone being 100% complete. % Complete - The percent complete cannot exceed 80% prior to the work being 100% complete. Apportioned Effort - Earned value is based on a percentage of earned value for one or more related work packages. Earned value can also be based on a ratio of hours to completed units. Level Of Effort Earned value is equal to the planned value for the measurement period. 627-13-25 Exercise 13-2 Earned Value Legend: Line represents planned start, duration and stop of work One performance measurement period Earnings Method 0%/100% A Budget = 20 workdays 1 Planned Milestone Line represents actual start, duration and stop of work 100% 2 3 Planned Earned B B B Comments: Work ongoing to next period Completed Milestone ------------------- 627-13-26 Earnings Method 0%/100% (continued) B. Budget = 20 workdays 1 Planned Earned EJ Comments: Exercise 13-2 Earned Value 100% 2 EJ 3 EJ --------------------

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