Question: Given the following EVM data: Planned Value (PV): $700,000 Earned Value (EV): $650,000 Actual Cost (AC): $680,000 Questions: Calculate the Cost Variance (CV) and Schedule

Given the following EVM data:

  • Planned Value (PV): $700,000
  • Earned Value (EV): $650,000
  • Actual Cost (AC): $680,000

Questions:

  1. Calculate the Cost Variance (CV) and Schedule Variance (SV).
  2. Determine the CPI and SPI.
  3. Discuss the implications of these values for project performance and future planning.

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