Topic: Earned Value Management

Note: Answer all Parts.

Mohammed is a project manager for a local Bahraini company that produces special gadgets each year for suppliers around the world.

Mohammed receives a project schedule of 10 months a budget estimation of $40 per gadget for gadget A and $60 per gadget for gadget B. The project requires 200 of gadgets A and 300 of gadgets B to be produced per month. (10 points)

Mohammed receives a progress report at the end of 5 months

Item	Time lapsed	Number of gadgets produced	Actual Cost
gadgets A	5 months	800	$55,000
gadgets B	5 months	1100	$100,000

Calculate for both gadgets A and B, and explain what the information is telling you:

EV, PV, AC, CV, CPI, SV, SPI, BAC, EAC