You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics

1. Budget at completion (BAC): How much will my project cost?
2. Planned value (PV): What're our planned value at a point in time?
3. EV? (Earned Value)
4. AC? (Actual Cost)
5. CV? (Cost variance)
6. SV? (Schedule Variance)
7. Cost performance index (CPI): a) What is our CPI? b) How much are we earning for each dollar spent?
8. Schedule performance index (SPI): a) What is our SPI? b) How are we progressing compared to the schedule?