Project Performance using Earned Value

It is October 20, 2023. You are in the Design phase and planned to complete the updated Design by this day.

Your estimated Budget at Completion is $ 2,300,000 (do not worry if this number is different than your Assign # 3 calculated budget)

As the project manager, you spent half the night working through your MS project activities and related hours and calculated that you have completed 60% of the work so far in the project.

Based on the project plan you led with your teams input, you had Planned to be at a project spend of $ 1,800,000. Your Actual Cost at this point is $ 1,950,000.

Please analyze the project performance by calculating the items below.

1. Gather Work Performance Information (the inputs)
   • Budget at Completion (BAC)
   • Planned Value (PV)
   • Earned Value (EV)
   • Actual Cost (AC)
2. Determine Schedule Status
   • Schedule Variance (SV)
   • Schedule Performance Index (SPI)
3. Determine Cost Status
   • Cost Variance (CV)
   • Cost Performance Index (CPI)
4. Forecasting
   • Estimate to Complete (ETC)
   • Estimate at Completion (EAC)
   • Variance at Completion (VAC