The first response to control this schedule is < > The second response to control this schedule is < > Earned Value Terminology Actual Cost

The first response to control this schedule is <>

The second response to control this schedule is <distinct and separate from the your first response) to control this schedule with justification from our course materials (examples, references) to support why AND describe the result it will have on your project schedule and cost >>

Earned Value Terminology

Actual Cost = (sum) actual cost of all work actually performed

Planned Complete = Work that should (as "Planned") be completed

Planned Value = (sum) approved budget for all work that should be completed [Budget x Planned Complete]

Actual Complete = Actual work completed

Earned Value = (sum) approved budget for all work that's actually completed [Budget x Actual Complete]

Original time estimate = the length of your critical path (time to complete the project in days)

Earned Value Calculations

Actual Cost (AC)	$23,400	Cost Variance (CV = [EV-AC])	-100
Planned Value (PV)	$32,600	Schedule Variance (SV = [EV-PV])	-9,300
Earned Value (EV)	$23,300	Schedule Performance Index (SPI = [EV/PV])	0.715
Budget at Completion (BAC)	$200,100	Cost Performance Index (CPI = [EV/AC])	.996
		Scheduled Time to Complete (Original time estimate/SPI)	28 days
		Estimate to Complete (ETC = (BAC - EV) / CPI	$177,510
		Estimate at Completion (EAC = [ETC+AC])	$200,910