You are the project manager of a project to build wooden kayaks. You are to scheduled build two kayaks a month for 12 months. Each kayak is budgeted to cost $1000 to build. Your project is scheduled to last for 12 months. It is the end of month 9. You have built 20 kayaks and your total cost of labor and materials is $22,000.

Calculate the following EVM formulas for this case. Then start the quiz and be prepared to use your calculations to answer questions about your calculation results. Following those questions there will be a series of interpretation questions. Feel free to use the Earned Value Management formulas handout. EV, PV, AC, BAC, CV, SV, CPI, SPI, EAC, ETC, VAC* *Variance at Completion = BAC - EAC