Project 1

Budget at completion (BAC) = $50,000

Actual Cost (AC) = $40,000

Earned Value (EV) = $35,000

Planned Value (PV) = $37,000

Project 2

Budget at completion (BAC) = $20,000

Actual Cost (AC) = $15,000

Earned Value (EV) = $18,000

Planned Value (PV) = $16,000

Directions

Complete the earned value calculations for each problem to determine:

Cost variance (CV)

Schedule variance (SV)

Cost performance index (CPI)

Schedule performance index (SPI)

Estimate at completion (EAC)

Compose a statement on each project's status.

Is the project ahead or behind schedule?

Is the project over or below budget?

Is the earned value performance better or worse than planned?