Project Management: Earned Value Measures, Performance Parameters, CPI and EAC

Project Management
STUDENT NAME/ID
[Pick the date]

Question 1
(a) Computation of earned value measures for each of the given activity
Formula used:
Planned Value=Budget at cost∗Percentage completed planned
Percentage completed planned=100 %
Earned Value ( EV )=Budget at cost∗Actual percentagecompleted
Computation table
Final table
1

Question 2
(a) Earned value performance parameter for each of the given activity
Formulae used
Schedule Variance = Earned value – Planned value
Schedule performance Index = Earned value / Planned cost
Cost Variance = Earned value – Actual cost
Cost performance Index = Earned value / Actual cost
(b) It can be said that project is “ahead of schedule.” It is concluded based on the earned value
and planned value. In present scenario, the earned value is higher than planned value.
(c) It can be said that project is “over budget.” It is concluded based on the earned value and
actual cost. The over budget has been determined based on the fact that earned value is
higher than actual cost and hence, the project would be termed as over budget.
Question 3
2