Submitted by: Submitted by dme3
Views: 167
Words: 257
Pages: 2
Category: Business and Industry
Date Submitted: 06/22/2013 11:50 AM
EVM Exercise 1:
What is | Calculation | Answer | Interpretation |
PV | $1000 x 4 | $4000 | Budget is set a 4000 |
EV | Sides 1, 2 and ½ of 3 completed | $2500 | 50% of the job is done |
AC | 1000 + 1200 + 600 | 2800 | Project is running over budget |
BAC | 1000 x 4 | 4000 | Actual Money in the bank |
CV | 2500 -2800 | -300 | Project is over budget |
CPI | 2500/2800 | 0.89 | They are getting $.89 for every dollar spent |
SV | 2500-4000 | -1500 | Project is behind schedule |
SPI | | | |
EAC | 4000 / .89 | 4494.38 | Total estimated actual cost |
ETC | 4494.38-2800 | 1694.38 | Money needed to complete the remaining work |
VAC | 4000-4494.38 | -494.38 | That’s how much budget will remain at the end of the project |
EVM Exercise: The Fence #2
What is | Calculation | Answer | Interpretation |
PV | $1000 x 4 | $4000 | Budget is set a 4000 |
EV | Sides 1, 2, ½ of 3 and ¾ of 4 completed | $3250 | 50% of the job is done |
AC | 1000 + 900 + 1000 + 300 | 3200 | Project is running under budget |
BAC | 1000 x 4 | 4000 | Actual Money in the bank |
CV | 3250 -3200 | -50 | Project is under budget |
CPI | 3250/3200 | 1.02 | They are getting $1.02 for every dollar spent |
SV | 3250-4000 | -750 | Project is behind schedule |
SPI | | | |
EAC | 4000 / 1.02 | 3921.56 | Total estimated actual cost |
ETC | 3921.56-3200 | 721.56 | Money needed to complete the remaining work |
VAC | 4000-3921.56 | 78.44 | That’s how much budget will remain at the end of the project |