Question #8: Project Financials

You are the project manager and your boss has asked you to provide a status based project earned value management.You are managing a project that is creating Webpages.You have a budget of $200,000.Each webpage is expected to cost $10,000 and you are producing 20 Web Pages.Your duration of the project is scheduled for 20 weeks.At week 10 you have only produced 8 webpages.You should have produced 10 of the 20 at this point. Your actual cost is $90,000 and your planned value at this point in the project is $100,000.Please update the chart below with the correct information.

oBudget (BAC) = $200,000

oDuration = 20 weeks (Delivers one page per week)

oActual Cost = $90,000

oPlanned Value at this point in the project = $100,000 (Planned % complete * BAC)

Earned Value management Values Budget at Completion Actual Cost (AC) Duration Planned Value (PV) Earned Value (EV) SPI SV CPI CV EAC VAC ETC