Question
In project management, how do you find Planned Value and Earned Value? Example: We have 200 rooms that need light fixtures, in each room only
In project management, how do you find Planned Value and Earned Value?
Example:
We have 200 rooms that need light fixtures, in each room only five lightbulbs fit. The budget is $500,000 your schedule is 14 weeks.
After eight weeks, 110 rooms are done and you have spent $250,000.
I understand that the formula is: Planned Value=(Planned % Completed) X BAC
But how do I get the percentage if it's not listed in the question?
Same thing for earned value, if the formula is earned value= % of completed work X BAC.
How would I find the percentage in this example?
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