This exercise is designed to help you better understand EVM and the EVA formulas. Open the Cost-Scenario Exercise Fillable Form, perform the calculations, then answer the questions.

It is highly suggested that you have the EVM calculation guide handy as you work through the exercises (i.e., formulas).

Please note you need to go out two decimal points and round up. Example: .9456 = 0.95 .9443 = 0.94

EVM calculation guide:

Acronym	Term	Formula	Interpretation
PV	Planned Value		What is the estimated value of work planned to be done?
EV	Earned Value		What is the estimated value oft h e work actually accomplished?
AC	Actual Cost		Whati s the actual costincurred?
BAC	Budget at Completion		How much did you BUDGET for the TOTALJOB?
CV	Cost Variance	EV-AC	NEGATIVE is overbudget, POSITIVE is underbudget
CPI	Cost Performance Index	EV/AC	l am getting $______ out of every $1 .
SV	Schedule Variance	EV-PV	NEGATIVE is behind schedule, POSITIVE is aheadof schedul
SPI	Schedule Performance Index	EV/PV	lam [only] progressing at____ %of the rate originally planned.
EAC*	Est. at Completion	BACI /CPI	As of now, how much do we expect the total project to cost?
ETC	Est. to Completion	EAC-AC	How much more will the project cost?
ETC**	Estimate to Completion	ETC =(BAC - EV)	How much more will the project cost? - earned value explicitly factord in.
VAC	Variance At Completion	BAC-EAC	How much over budget will we be at the end of the project?

REQUIRED ACTIONS:

Complete the exercise and calculate the respective values of the attached fillable pdf form.

Show your work with the formula used to calculate your answer. This way if you write the wrong number but have the calculation correct, you will be given partial credit.