Question 2: Calculate Earned Value Indicators

Basedon the following data:

The Budget At Completion (BAC)cost of the project is estimated to be: $52,250.

• Earned value data is available for the first three weeks of the project (see below).
• The project is due to end on week four (4).

Project Data	Week 1	Week 2	Week 3	Week 4
Cumulative Actual Costs	$5,000	$16,000	$37,800
Cumulative Planned Value	$11,750	$22,000	$43,000	$52,250
Cumulative Earned Value	$7,000	$22,000	$47,000

Based on the above data, calculate the following earned value indicators:

EVM Indicator	Week 1	Week 2	Week 3	Formula used
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index
Estimated Cost At Completion (use the EAC = BAC / CPI formula)
Estimated Cost to Complete

For this question you need to:

• Identify which formulas you used for each indicator;
• Show an example of your calculations (work) for each indicator; and
• Calculate each indicator for each of the first three weeks.