5-2 Earned Value Calculation

5-2 Earned Value Calculation

5-2 Earned Value Calculation

Project Schedule and Budget Data Provided:
Task | Duration (days) | Predecessor(s) | Budget |
A | 2 | — | $1,600 |
B | 5 | — | $4,000 |
C | 3 | A | $14,050 |
D | 4 | B | $5,800 |
E | 6 | B | $12,000 |

F|4|C,D| $5200

G|3|E|$3900

 

5-2 Earned Value Calculation

Status of the project at the end of day 6:

Task % Complete Actual Cost of Work Performed
A 100% $1,800
B 100% $4,500
C 90% $13,500
D 10% $500
E 0% $0
F 0% $0
G 0% $0

1. Calculate the schedule variance for each task and the total project.

2. Calculate the cost variance for each task and the total project.

3. What is your assessment of the project at this time?

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