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Earned Value Analysis-Continued

This document contains 7 questions related to earned value management calculations for projects. The questions provide project budget, schedule and cost data and ask the reader to calculate schedule variance, planned value, earned value, schedule performance index, estimated time to completion, cost variance, actual cost of work performed, cost performance index and estimated cost to completion based on the information given. They also ask the reader to assess project performance based on calculated values.

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Prajakta
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221 views2 pages

Earned Value Analysis-Continued

This document contains 7 questions related to earned value management calculations for projects. The questions provide project budget, schedule and cost data and ask the reader to calculate schedule variance, planned value, earned value, schedule performance index, estimated time to completion, cost variance, actual cost of work performed, cost performance index and estimated cost to completion based on the information given. They also ask the reader to assess project performance based on calculated values.

Uploaded by

Prajakta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Q1 Using the data in the table below, complete the table by calculating the cumulative

planned and cumulative actual monthly budgets through the end of June. Complete the earned
value column on the right. Assume the project is planned for a 12 month duration and a $
250,000 budget.
Activity Jan Feb Mar Apr May Jun Plan %
complete
Staffing 8 7 15 100
Blue 4 6 10 100
printing
Prototype 2 8 10 70
developmen
t
Full Design 3 8 10 21 67
Constructio 2 30 32 25
n
Transfer 10 10 0
Monthly
Plan
Cumulative
Monthly 10 15 6 14 9 40
Actual
Cumul.
Actul

Q2 Using the data from the problem above, calculate the following values:
Schedule Variances
Planned Value (PV)
Earned Value (EV)
Schedule Performance Index
Estimated Time to Completion
Cost Variances
Actual Cost of Work Performed
Earned Value (EV)
Cost Performance Index
Estimated Cost to completion

Q3 You are calculating the estimated time to completion for a project of 12 months duration
and a budget cost of $ 500,000. Assume the following information, calculate the schedule
performance index and the estimated time to completion (figures are in thousands).
Schedule Variances
Planned Value (PV) 65
Earned Value (EV) 58
Schedule Performance Index
Estimated Time to Completion
Q4 Suppose for the previous problem your PV was 70 and your EV was 95. Recalculate the
SPI and the estimated time to completion for the project with this new data.
Q5You have collected the following data based on three months of your project’s
performance. Complete the table. Calculate cumulative CPI(CPIC). How is the project
performing after three months? Is the trend positive or negative?
EV EVC AC ACC CPI CPIC
January $30000 $35000
February $95000 $100000
March $125500 $138000

Q6 You have collected EV, AC and PV data from your project for a five-month period.
Complete the table. Calculate SPIC and CPIC compare the cost and schedule performance for
the project on a month-by-month basis and cumulatively. How would you assess the
performance of the project? (All the values are in thousand $).
EV EVC AC ACC PV PVC SPI SPIC CPI CPIC
April 8 10 7
May 17 18 16
June 25 27 23
July 15 18 15
August 7 9 8

Q7 Assume you have collected the following data for your project. Its budget is $ 36000, and
it is expected to last six months. After two months, you have calculated the following
information about the project.
PV =$29000
EV = $30500
AC= $ 28000
Calculate the SPI and CPI. Based on these values, estimate the time and budget necessary to
complete project. How would you evaluate these findings? Are they good news or bad news?

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