7/11/13Proj Cost & Schedule Controlwww.devryu.net/re/DotNextLaunch.asp?courseid=8140243&userid=12817512&sessionid=9544b2b271&tabid=5jpmjjK09CxjfilQn/FPYG66LTczzFQvW1FQcLi//V6…3/7
point in the project. This is the planned value (PV) in PMI terminology.
BCWP (EV) Budgeted cost of work performed
the budgeted $ value of work complete at a given point inthe project, also known as earned value (EV); PMI uses EV.
ACWP (AC) Actual cost of work performed
the actual cost of work completed at a given point in theproject; actual cost (AC) in PMI terminology.
EAC Estimate at completion
a projection of the total cost of the project at completion made at someintermediate stage.
EAC Demonstration ProblemEarned Value Demonstration 6-1: (this is an expansion of Demonstration Problem 5-1 to include EAC)
Reference the site clearance project, used in the resource allocation demonstration in Week 4. In this project, wedeveloped the project budget and schedule as follows:
A---6 weeks$50,400B---2 weeks$ 8,800CA1 week$ 6,800DB3 weeks$16,800EC4 weeks$13,600 Total Budget =$96,400
Schedule Gantt Chart
The line for each task shows the number of weeks needed to complete each task as well as which tasks must be done firstbefore the next task can start. Task A and B can be done at the same time at the start of the project (week 0); Task Dmust wait until Task B is complete before starting at week 2; Task C must wait until week 6 when Task A is complete;Task E cannot start until Task C is complete at week 7.