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.

• Budget (BAC) = $200,000
• Duration = 20 weeks (Deliver 1 page per week)
• Actual Cost = $90,000
• Planned 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

1. Will you finish the project on time? If not, what can you do to mitigate the variance?

1. Are you on track to meet the budget? What is the current variance at week 10? What do the numbers show will be the variance at the end of the project?

Question #10: Control or Monitor costs

1. Do project managers control costs or monitors costs for projects? Explain your answer.