The total budget for the project is $137,200. The manager became concerned when he saw that the project cost so far as $110,420 and was worried about the progress of the project. Manager has calculated the value of the work completed ($87,150 at original budget rates) and checked the value of the work he should have completed by now ($97,920 at original budget rates).

What are the values of the PV (Planned Value), EV (Earned Value) and AC (Actual Cost)?

Calculate the schedule variance, cost variance and forecasted total cost at completion