WBS Element Values Variance Performance Index

Planned Value $($PV$)$ Earned Value $($EV$)$ Actual Cost $($AC$)$ Schedule $($EV$-$PV$)$ Cost $($EV$-$AC$)$ Schedule $($EV$/$PV$)$ Cost $($EV$/$AC$)$

$1\mathrm{.}0$ Design Process $$10,000\mathrm{.}00$ $$7,000\mathrm{.}00$ $$12,000\mathrm{.}00$ $$(3,000\mathrm{.}00)$ $$(5,000\mathrm{.}00)$ $$0\mathrm{.}70$ $$0\mathrm{.}58$

$2\mathrm{.}0$ Gather Tools $$5,000\mathrm{.}00$ $$3,000\mathrm{.}00$ $$4,000\mathrm{.}00$ $$(2,000\mathrm{.}00)$ $$(1,000\mathrm{.}00)$ $$0\mathrm{.}60$ $$0\mathrm{.}75$

$3\mathrm{.}0$ Perform Risk Analysis $$7,500\mathrm{.}00$ $$7,500\mathrm{.}00$ $$8,000\mathrm{.}00$ $$-$ $$(500\mathrm{.}00)$ $$1\mathrm{.}00$ $$0\mathrm{.}94$

$4\mathrm{.}0$ Design Dashboard $$10,000\mathrm{.}00$ $$3,400\mathrm{.}00$ $$3,400\mathrm{.}00$ $$(6,600\mathrm{.}00)$ $$-$ $$0\mathrm{.}34$ $$1\mathrm{.}00$

$5\mathrm{.}0$ Test Dashboard $$5,000\mathrm{.}00$ $$6,000\mathrm{.}00$ $$4,000\mathrm{.}00$ $$1,000\mathrm{.}00$ $$2,000\mathrm{.}00$ $$1\mathrm{.}20$ $$1\mathrm{.}50$

$6\mathrm{.}0$ Evaluate Results $$13,000\mathrm{.}00$ $$10,000\mathrm{.}00$ $$12,500\mathrm{.}00$ $$(3,000\mathrm{.}00)$ $$(2,500\mathrm{.}00)$ $$0\mathrm{.}77$ $$0\mathrm{.}80$

Totals $$50,500\mathrm{.}00$ $$36,900\mathrm{.}00$ $$43,900\mathrm{.}00$ $$(13,600\mathrm{.}00)$ $$(7,000\mathrm{.}00)$ $$0\mathrm{.}73$ $$0\mathrm{.}84$

Watch the video on earned value analysis. Using the values in this template, interpret the variances and indices $($In bold above$).$ You might use a word document for your explanation.