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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).
Assignment:
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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