The total plan for the project involved $1000$ staff$-$days of value $($the Budgeted at Completion or BAC$)$ accumulated over $10$ months with a staff of $5$ full$-$time people. At the $4-$month mark, with no open tasks, the total accumulated earned value is $320$ staff$-$days. The plan at this point is for $340$ staff$-$days to have been earned. Alas, the actual amount spent $($because extra staff time has already been spent on this project$)$ is $370$ staff$-$days.

A summary of the facts:

$1.$ Original project cost: $1000$ staff$-$days

$2.$ Original project schedule: $10$ months

$3.$ Planned value: $340$ staff$-$days at $4$ months

$4.$ Actual cost: $370$ staff$-$days

$5.$ Earned value: $320$ staff$-$days

$6.$ Current monthly staff: $5$ people

The earned value questions that are often asked are:

$1.$ What is the current cost shortfall in as measured by the Cost Variance $($CV$)?$

$2.$ What is the current work productivity as measured by the Cost Performance Index $($CPI$)?3.$ What is the current schedule shortfall in as measured by the Schedule Variance $($SV$)?$

$4.$ What is the current schedule efficiency as measured by the Schedule Performance Index $($SPI$)?$

$5.$ What is the projected total cost Estimate at Completion $($EAC$)?$

a$.$ If we assume cost variance was atypical $($and the rest of the project will go as originally planned$)?$

b$.$ If we assume cost variance was typical $($and the rest of the project will have a proportional variance$)?$

c$.$ If we assume we can re$-$plan the remaining project and make a whole new estimate?

$6.$ What is the projected schedule Estimate at Completion $($EAC$)?$

a$.$ If we assume schedule variance was atypical $($and the rest of the project will be as originally planned$)?$

b$.$ If we assume schedule variance was typical $($and the rest of the project will have a proportional variance$)?$

c$.$ If we assume we can re$-$plan the remaining project and make a whole new estimate?

$7.$ What are the remaining cost$-$to$-$complete and schedule$-$to$-$complete figures for each of a$,$ b$,$ and c$?$

$8.$ What is the intensity of work required to finish the work with the available funds? $($These funds can be defined as either the original Budget at Completion $($BAC$)$ or the current Cost Estimate at Completion $($EAC$).)$