Earned-value analysis. A project budget calls for the following expenditures:
Task
Date
Budgeted Amount
Build Forms
April 1
$10,000
Pour Foundation
April 1
May 1
$50,000
$100,000
Frame Walls
May 1
June 1
$30,000
$30,000
Remaining Tasks
July 1 and beyond
$500,000
Define each term in your own words, calculate these values for the above project, and show your work:
1. Budgeted cost baseline (make a graph illustrating this one)
2. Budget at completion (BAC)
3. Planned value (PV) as of May 1
4. Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
5. SV as of May 1.
6. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
7. Schedule performance index (SPI)
8. Cost performance index (CPI)
9. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
10. Estimate at completion (EAC)
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