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Earned Value Analysis Your project team has been tasked with assembling 100 data acquisition systems in 3 days. The estimated cost ofeach unit is 510,00
Earned Value Analysis Your project team has been tasked with assembling 100 data acquisition systems in 3 days. The estimated cost ofeach unit is 510,00 3, for a total project cost of $1,000,000. The following table provides the schedule and cost estimates determined at the start of the project: Day 1 Day 2 Planned 10 12 number of built systems Day 3 Day 4 Day 5 1s 1s 15 Day 5 15 Day 7 10 Daya Estimated cost for the day [5] 100,000 120,000 150,000 180,000 150,000 150,000 1 00, 000 5 0, 000 Estimated cumulative cost {5} 100,000 220,000 3?0,000 550,000 ?00,000 350,000 950,000 l 00, 000 We will evaluate the performance at the end of Day 4. The last two rows were added at the end of Day 4. Day 1 Day 2 Day 3 Day 4 Day 5 Day 5 Day 7 Days Planned ll] 12 number of built systems 15 18 15 15 10 Estimated cost for the day [5] Estimated cumulative cost {$1 Actual cost for the day {5} Actual cumulative cost {$] 100,000 120,000 100,000 220,000 80,000 100,000 80,000 1 30, 000 150,000 180,000 150,000 3?0,000 550,000 ?00,000 160,000 160,000 340,000 500,000 150,000 350,000 l 00, 000 950,000 5 000 l 00, 000 What is the budgeted cost of work scheduled (BCWS)? What is the budgeted cost of work performed (BCWP)? What is the actual cost of work performed (ACWP)? Calculate the schedule variance (SV). Calculate the cost variance (CV). Calculate the Schedule Performance Index (SPI). Calculate the Cost Performance Index (CPI)
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