You are assigned to manage a 12-month project estimated to cost $36,000 at the end of...
You are assigned to manage a 12-month project estimated to cost $36,000 at the end of the project. Today is the end of month 3 and you are 20% complete. According to the finance Department you have spent $7500 to date.
Calculate the PV, EV, AC and the CPI.
Homework Answers
Budget (Planned value) = 36000 for 12 months
- Planned Value (PV) 3 months = 36000*3/12 = $9000
- Earned value (EV) 3 months = 20%*36000 = $7200
- Actual cost (AC) = $7500
- CPI = EV / AC = 7200 / 7500 = 24 / 25 = 0.96
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