Project $1$

$$ Budget at completion $($BAC$)=$ $$50,000$

$$ Actual Cost $($AC$)=$ $$40,000$

$$ Earned Value $($EV$)=$ $$35,000$

$$ Planned Value $($PV$)=$ $$37,000$

Project $2$

$$ Budget at completion $($BAC$)=$ $$20,000$

$$ Actual Cost $($AC$)=$ $$15,000$

$$ Earned Value $($EV$)=$ $$18,000$

$$ Planned Value $($PV$)=$ $$16,000$

Directions

Complete the earned value calculations for each problem to determine:

$$ Cost variance $($CV$)$

$$ Schedule variance $($SV$)$

$$ Cost performance index $($CPI$)$

$$ Schedule performance index $($SPI$)$

$$ Estimate at completion $($EAC$)$

Compose a statement on each project$$s status.

$$ Is the project ahead or behind schedule?

$$ Is the project over or below budget?

$$ Is the earned value performance better or worse than planned?