The network below shows the original plan: 0 10 $10,000 Start End 0 7 B $14,000 The update on day 5 (data date) is: Activity A Work performed = 45%, Actual cost of work performed $4,300 Activity B: Started 2 days late, and will complete in 3 more days and Actual Cost of Work Performed is $8,000 a) is the project ahead/behind schedule? (exprehs it in $value) b) is the project over/under budget? c) What % complete is the project? DD-day 3 BCWS ACWP Cost SOLUTION: Table 1. Earned Value Computations Work Activity Budget Scheduled A $10,000 50% B $14,000 71.43% Total $24,000 62.5% DD-day 5 $5,000 $10,000 $15,000 DD-day 5 Work Performed 45% 50% 47.92% DD-day 3 BCWP (EV) $4,500 $7,000 $11,500 $4,300 $8,000 $12,300 Schedule Variance BCWP-BCWS - Cost Variance - BCWP - ACWP - Percent (%) Complete - (BCWP / BAC) - 100 -$3,500 5800 -48% a) The project is behind schedule by $3,500 (value) b) The project is over budget by $800 (value) c) Percent (%) complete of the project is 47.92%