PMP Earned Value Management (EVM) Exercises

Question 1. Project A has an actual cost of $90,000 at the end of six months. The project is scheduled to be completed in 12 months with a total budget of $225,000. The project is 50 % complete. What is the current CPI for this project? What is the SPI? How is this project performing?

Question 2. In month 8 the following project information is available: actual cost is $2500; earned value is $2250; and planned cost is $2400. Show calculations and results for SV and CV for this project and comment on the outcome.

Question 3. On day 51 a project has an earned value of $600, and actual cost of $650, and a planned cost of $560. Calculate the SV, CV, CPI and SPI for the project. (All calculations must be shown). What is your assessment of the project on day 51?

Question 4. (ref.Ch.8, Ex.2) Given the following information for a one-year project, answer the following questions. Assume you have actual and earned value data at the end of the second month. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion.

PV = $23,000

EV = $20,000

AC = $25,000

BAC = $120,000

a. What is the cost variance, schedule variance , cost performance index (CPI), and schedule performance index (SPI) for the project?

b. How is the project progressing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

c. Use the CPI to calculate the estimate at completion (EAC) for this project. Record your answer.

d. Use the SPI to estimate how long it will take to finish this project. Record your answer.

e. Sketch the earned value chart for this project. Assume the data for month 1 is half of the values given for PV, EV, and AC at the end of month 2.