In our project, total time is 210 days =7 months

after 150 days i.e, 5 months

Planned value = 699,000 Rs

But actual cost (AC) = 693,000 Rs

Earned value (EV) = 71% of project is done by 5th month end

= 71%of 1,074,000

= 762,540 Rs

Cost variance (CV) = Earned value – Actual value

= 762,540-693,000

= 69,540 Rs

Cost performance index (CPI) = Earned value / Actual cost

CPI = 762,540 /693.000

=1.10

We can see that

“CPI >1, so the project is going under planned budget”

Cast variance % = CV / EV

= (69,540 /762540)*100

= 9.8%

So, project is currently under budget.

Schedule variance (SV) = Earned value – planned value

= 762,540-699,000

SV = 63,540 Rs
Schedule performance index = Earned value / planned value

=762,540 / 699,000

= 1.09

The project is in planned schedule

Schedule variance % = Schedule variance / planned value

= (63,540 / 699,000)* 100

= 9.09 %

Project is currently a bit ahead of schedule planned.