Practice Question #$2$

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $$300,000.$ Construction is expected to take $5$ weeks.

You are creating a report for your sponsor at the end of week $2$ when two rooms are complete. Work has not begun on room number $3$ is yet.

So far you have spent $$118,000$ and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics

$2$ Planned value $($PV$)$: What're our planned value at a point in time?

Please enter your answer in this format where value only required:

$$400,500$