Assignment: Earned Value Management
Objective: Use earned value management (EVM) to assess project performance by calculating cost and schedule variances, and to forecast an estimate at completion (EAC).
1. Following the example in the workbook and the lecture videos, use the Earned Value Management Template to complete the following:
You have a project which will stack 10 blocks in 10 days at a rate of $10 per block.
At the end of day 5, you have spent $50 and have stacked 4 blocks.
o Determine AC, EV, PV
o Calculate CV and CPI
o Calculate SV & SPI
o Determine BAC
o Calculate EAC
- At current CPI
- For remaining work at budgeted rate.

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AC =Actual Cost of Work actually Performed.
How much has actually been spent by the end of day 5? This value is given.$50
Actual cost per block = How much are we actually spending per block?...

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