Question: You are the project manager for a construction project that involves building and installing a series of solar power units for a client. The

You are the project manager for a construction project that involves building and installing a series of Planned Units to Install: 200 units Units Installed: 150 units Actual Duration (6 months): 180 days

You are the project manager for a construction project that involves building and installing a series of solar power units for a client. The project was planned to be completed in 8 months at a total cost of AED500,000. You are currently in the 6th month of the project, and you need to assess its progress using Earned Value Management (EVM). Instructions: 1. Calculate the following EVM metrics for your project based on the provided data: Planned Value (PV) Earned Value (EV) Actual Cost (AC) Cost Performance Index (CPI) Schedule Performance Index (SPI) Estimate at Completion (EAC) using both the CPI and SPI methods Variance at Completion (VAC) 2. Additionally, calculate and report the Earned Value for the number of solar power units installed as a separate metric. Data: . . . . . . . 3. Provide a brief analysis of the project's performance based on the calculated EVM metrics, focusing on the units installed as well. . . Planned Budget (BAC): AED500,000 Planned Duration (8 months): 240 days Actual Cost Incurred: AED420,000 Planned Units to Install: 200 units Units Installed: 150 units Actual Duration (6 months): 180 days

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SOLUTION To assess the progress of the construction project using Earned Value Management EVM we will calculate various EVM metrics based on the provided data Here are the calculations and analysis fo... View full answer

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