EARNED VALUE ANALYSIS FORMULAE: ‘COST VARIANCE (C.V) ‘SCHEDULE VARIANCE (in cost terms) = BCWP ~ BCWS ‘COST PERFORMANCE INDEX (CPI) = SEW BCWP ~ ACWP ESTIMATED COST OF PROJECT COMPLETION (ECPC) = Susseted Prolect Cost 1 2, 3 4. 5. ADDITIONAL COST OF COMPLETION (ACC) = ECPC — Budgeted Project Cost 6. 7, 8. SCHEDULE PERFORMANCE INDEX (SPI) po é Budgeted Project Duration ESTIMATED PROJECT DURATION = oe ecrw ESTIMATED CPI = oor é Where: BCWS = BUDGETED COST OF WORK SCHEDULED BCWP = BUDGETED COST OF WORK PERFORMED. ‘ACWP = ACTUAL COST OF WORK PERFORMED. 1. A Bangalore based software company has)obtained a fixed cost contract for the supply, installation, testing & commissioning of 3000 desktop computers of the same specifications at a cost of Rs. 600 lacs. The co. had/éstimated that it could supply, install, test, & commission 100 computers per day so that the entire work ican be completed in 30 days. The project status was reviewed after the completion of 20 days\\|t was noted at the time of review that 1800 computers have installed and the cost incurred was Rs. 380 lacs. It was estimated at the time of the review that a sum of Rs, 260,lacs would:be required for completion of the pending work i.e. installation for the remaining 1200 computers. For the above problem, find : i. Budgeted Cost/of Work Scheduled (BCWS) at the end of 20 days, which is the review period. Budgeted Cost of Work Performed (BCWP) tll the review period. i. Actual Cost of Work Performed (ACWP) jv, Cost Variance Schedule Variance in Cost Terms ‘Gost Performance Index (CP!) ‘Schédule Performance Index (SP!) viii. | “Additional Cost for completing the project. ix. “Project Duration & whether the project can be completed within 30 days duration. 2 Aproject has a budget of Rs 250 crore & is scheduled to complete in a period of 80 weeks. A review of the project at the end of 50 weeks gave the additional details: Budgeted Cost of Work Performed (BCWP): Rs. 170 crores Actual Cost of Work Performed (ACWP): Rs. 180 crores Budgeted Cost of Work Scheduled (BCWS): Rs. 187 crores. Find: i, Cost Variance ii, Schedule Variance in Cost Termsiii, CPI iv. SPI v. Cost of Completion vi, Time of Completion (NOV 2018 Q 2a~ 10 Marks) 3. A project has a budget of Rs. 5,00,000/- & Is scheduled to be completed in one year. The following table shows cumulative values of planned costs, earned value and actual costs at the end of each of the first four months. (Nov 2019 ~ Q2 (a) - Marks 10) MONTH PLANNED COST EARNED VALUE ‘ACTUAL COST 1 20,000 24,000 23,500 2 60,000 58,000 62,000) 3 110,000 95,000 105,000. 4 220,000 190,000 205,000 Calculate the following values: a) b) CI qd) CPI for each of the four months. SPI for each of the four months. Estimated cost to complete the project based, on the|performance at the end of the fourth month. Estimated time to complete the project on the performance at the end of the fourth month. The progress observed at the end of the seventh day from the beginning of the 12 day duration project is as given in the following table. The actual cost incurred till date is reported to be Rs. 3100. Find the project performance 6n the basis of Cost & Schedule Performance Indices and advice as to any changes in the revises budget or duration for the mentioned project. ‘Activity immediate), | Duration Budgeted Cost of | Actual % Completion at the Predecessor a Activity end of 7 day A = 3 500 100 8 = 1 200 100 c A 4 800 75 D B ja 700 100 E Bw 5 500) 95 F D 2 200 80 G cae 3 500 50 H c 4 400 O 1 F 2 600 O J 6 3 300 04 The foll. data details are known about a project when the project review was conducted: ACTIVITY _| #6 COMPLETION COSTIN Rs. LACS SCHEDULED | ACTUAL BUDGETED ACTUAL 1 100 100 | 10.0 12.0 z 700 700 120 2S 3 70 60 180 12.0 4 55 50 25.0 13.0 5 30 25 20.0 6.0, 6 10 0 15.0 0.0 7 0 oO 10.0 0.0 8 oO oO 85 0.0 9 o 0 65 0.0 10 0 0 5.0. 0.0 ‘The project is expected to be completed in 35 days. Find: ) Bcws ii) Bcwe il Cost Variance ical v) SPL vi) Cost of Completion of the Project vii) Time of Completion of the Project. 5. Consider the data given below ofia small project. The actual performance is measured at the end of 5 months in termsiof % actual completion and the actual cost incurred. Assume all activities will begin at the earliest: a) Calculate cost performance index & schedule performance index. b) Calculate revised project duration & cost. (MAY 2018 Q.2-10 Marks) Preceding % Actual Activity | Activity nt_|Nc_|Ac_| Completion A Nil anon eae 100 8B Nil 12. 15 6 40 Cc Nil 4 3 3 95 D A 10 15 2 7 E c 6 [10 | 0 0 F A u[ul se 7 G BDE 3 [io| o oO