EMM 586 Suman Poudel

HW 10 Earned Value 12 09 2022

Actual cost AC 35,000

Planned value PV 50,000

Earned value LEVI Budgeted cost of work performed

I PV

50,000

Eo

40,000

Cost Performance Index CPI t 143

EY gg
ftp

Schedule Performance Index SPI 40,000 0.8

pg 50,000

AS CPI I we are under the budget

are behind the schedule

As SPI I 1 we

a Actual cost AC 10.500

Planned Value PY 15,750

Earned Value Ev Budgeted Cost of work Performed

Iq

15,750

10,237.5

b Cost variance Cal EV AC

10,237.5 10.500

262.57

Schedule variance SV EV Pll

10,2375 15,750

5,512 5

Cost Performance Index CPI

If

I 10,237.5

10,500

0.975

Schedule Performance Index SPI

If

10,237.5

15,750

0.65

The project is Over budgeted and behind the schedule

C Additional money that will be required to finish the

project is determined as

ETC BAC EV 15,750 10,237.5

CPI 0.975

5,653 85

d total cost
of completing this project EAC is
The

final

determined as

EAC ETC t AC

5,653.85 10,500

16,153.85

The project cost overrun E EAC BAC

by 100

BAC

16,15385 15,750 too

15,750

2.56

I think the
project cost overrun
only be 2.561 is not that

bad It depends on what kind of project and how reliable are

estimates

yourI

work on solar projects for a utility company in Maine

very hard to get more accurate estimates especially

It's

post co vid global supply chain issues Mvc allows

25

utility tingency limit for these projects

9 Planned Value I PY 325,000

Actual Cost AC 250,000

Earned Value Ev Budgeted Cost of work Performed

325,000

If

243,750

b Cost variance Cal EV Ac

243,750 250,000

6,250

Schedule variance SV EV PV

243,750 325,000

81,250

Cost Performance Index CPI

Eng

243,750 0.975

250,000

Schedule Performance Index SPI

If

243,750

325,000

0.75

The

project is over Budgeted and Behind the Schedule

C Additional money that will be required to finish the

project is determined as

ETC BAC EV 325,000 243,750

CPI 0.975

83,333.34

d The total final cost

of completing this project EAC is

determined as

EAC ETC AC

83,333 34 250,000

333,333 34

The project cost overrun EAC BAC

by 100

BAC

333.333.34 325,000 too 1

325,000

Within Acceptable Limit

2.5641

500 100 500

300 100 300
800 100 800
600 66.67 800
600 100 600
O O O
300 16.67 66.67
4,500 E 3,200 3,100 3,066.67

5 8

o g

11 13

95

3512

5 11 it

dlf

S
O 4
JE

ble 4 8 8 14

sea 816

Earned Value EV 3.100 9 66 07

63
3.06067

Planned Value PY 9 16.671

1

Actual Cost AC 3,200

Cost Performance Index

CPI

EV 3,100 0.96875

CPI

AC 3,200

Schedule Performance Index SPI

SPI 3,100 t 0108

EY 3,066.67

Cost variance ICU EV AC

3,100 3,200

I 100

SU EV PV
Schedule Variance

3,100 3,066.67

33.33

Project is Over Budgeted however we're

slightly doing

in schedule

good
 Additional money that will be required to finish the

project is determined as

ETC BAC EV 4,500 31100

CPI 0.96875

1,445.16

total cost
of completing this project EAC is
The
final
determined as

EAC ETC AC 1,445.16 3,200

4,645.16

Project Cost Ovemen EAC BAC

too
BAC

4,645.16 4,500 too

4500

3.22