What is Earned Value Management (EVM)?

When you collect the earned value data for your project, you get the following data: PV = $1,500,000, EV = $ 1,200,000, AC = $1,000,000. You expect the factors for cost variance to continue in the same way in future. The value of the remaining work is $1,000,000. What should be the new EAC for the project? 

Therefore; 

The latest earned value report of the project shows CPI = 1.2, SPI = 0.8, PV = $500,000, SV = - $220,000. What is the cost variance of the project? 

3. When you analyze earned value data for your project, you get the following information: CPI = 0.84, and the EV is $48,000. How much money has actually been spent on the project? 

Rewriting the equation; 

The earned value data for a project has been derived as follows. PV=$400,000, EV=$400,000, AC =$600,000. What is the burn rate of the project? 

You are managing a construction project. You have completed half the project work. The total planned cost at this stage is $1,000. The actual work that has been completed at this stage is worth $1,200. You have spent $1,500 already on the project. What is the CPI? 

You perform an earned value analysis for your project, resulting in the following numbers: 

EV: 354,000; PV: 454,000; AC: 474,000. Which results are correct? 

A. CV: +120,000; SV: +100,000 

B. CV: +100,000; SV: +120,000 

C. CV: -100,000; SV: -120,000 

D CV: -120,000; SV: -100,000 

The correct answer is D. 

7. You are managing a software project with an initial budget estimate of 2 million USD. During interim cost and schedule performance analysis, you figured out that: 

Initial Budget Estimate = $2,000,000 

    You should have spent $500,000 till now based on your initial plans and 1000 man/days of schedule activities. 

    You spent $600,000 till now and completed 1100 man/days of schedule activities which should have cost $450,000 based on your initial plans. 

    You re-estimated the budget required for the remaining work to be done as $1,500,000. 

What is the CPI and SPI of the project respectively? 

8. What is the CV and SV of the project respectively? 

9. What is the variance at completion? 

10. What is the TCPI based on your new estimate at completion value?