How to Calculate Earned Value Management (EVM)

With reference to the diagram below, it can be inferred that the project is currently: 

Ahead of schedule and under budget, 

Ahead of schedule and over budget, 

Behind schedule and under budget, 

Behind schedule and over budget 

From the graph;

Also,

Thus, the project is behind schedule and over budget. Therefore the correct answer is D. 

With reference to the diagram below, it can be inferred that the project is currently: 

ahead of schedule and under budget, 

ahead of schedule and over budget, 

behind schedule and under budget, 

behind schedule and over budget 

From the graph;

Also,

Therefore the project is behind schedule and under budget. Thus, the correct answer is C. 

With reference to the diagram below, it can be inferred that the project is currently: 

ahead of schedule and under budget, 

ahead of schedule and over budget, 

behind schedule and under budget, 

behind schedule and over budget 

From the graph;

Also,

Therefore, the project is ahead of schedule and over budget. Thus, the correct answer is B. 

If a project has a Schedule Performance Index (SPI) of 0.90, this means that: 

a) 90% of the work planned to date has been completed. 

b) 90% of the work of the whole project has been completed. 

c) 90% of the budget planned to date has been spent. 

d) 90% of the project budget has been spent. 

The SPI represents the performance of a project represents how close the project or work is being completed compared to the schedule. It is the ration of the earned value to the planned value, i.e., . If the value of SPI is 1, it means the project is 100% of the scheduled work tofate is complete. Thus, if the SPI is 0.90, 90% of the scheduled work has been completed to date. Thus, the correct answer is A. 

A project with both Schedule Performance Index (SPI) and Cost Performance Index (CPI) of .80. The project is currently 

Therefore the project is “behind schedule and over budget.” 

A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Schedule Variance (SV)? 

Therefore,

A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Cost Variance (CV)? 

Therefore,  

A project with Earned Value (EV) = $250, Actual Cost (AC) = $200 and Planned Value (PV) = $350. What is the Schedule Performance Index (SPI)? 

A project with Earned Value (EV) = $250, Actual Cost (AC) = $200 and Planned Value (PV) = $350. What is the Cost Performance Index (CPI)? 

You are the project manager of a housing project in which a total of 10 houses are to be built over 10 months (1 house per month). The total budget for the housing project is $1,000,000. The project is now at the end of the sixth month with five houses built and $500,000 spent. The project is behind schedule owing to a work strike for a month. The Cost Performance Index (CPI) for the project is 

From the question; 

Therefore,