(Q3)

Solution:
Table 1 Earned Value Table

Cumulative Cumulative Cumulative

Months BCWS BCWS BCWP BCWP ACWP ACWP
1 4 4 4 4 4.5 4.5
2 38 42 38.5 42.5 40 44.5
3 143 185 146 188.5 145 189.5
4 80 265 85 273.5 86 275.5
5 90 355 90 363.5 88 363.5
6 80 435 81 444.5 81 444.5
7 80 515 83 527.5 82 526.5
8 130 645 130 657.5 130 656.5
9 130 775
10 40 815
11 20 835
12 30 865
Total 865 657.5 656.5
Here,
BCWS=Budgeted Cost of Work Scheduled
BCWP= Budgeted Cost of Work Performed
ACWP= Actual Cost of Work Performed
Now,
a. Schedule Variance (SV):
SV= BCWP-BCWS = 657.5- 645= 12.5
Hence, the project is ahead of schedule.

b. Cost Variance (CV):

CV= CV = BCWP-ACWP = 657.5- 656.5 =1
Thus, the project is under- budgeted.

c. Estimate at Completion (EAC):

ACWP
EAC = X BAC = 863.68
BCWP
Thus, the expenditure at completion will be Rs. 863.68.
And the saving will be of Rs. 1.31.