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Term Paper: Project Analysis | Term Paper Queen

Sample Term Paper

  End of Month 4 Calculation
Planned Value 101,000  
Earned Value 86,571 = [101,000/7] x 6
Actual Cost 88,800  

 For 6 of the 7 tasks completed the earned value (tasks accomplished so far) will be applied on the planned value. Earned value is the budgeted cost of work performed or BCWP.

Scheduled Variance (SV) = EV – PV

                                          = 86,571 – 101,000 = -14,429 (Behind Schedule)

Cost Variance (CV)          = EV – AC

                                          = 86,571 – 88,800 = -2,229 (Over Budget)

Scheduled Performance Index (SPI) = EV / PV

                                         = 86,571 / 101,000 = 0.85714 i.e. processing only at 85.714 % of the rate originally planned

Cost Performance index (CPI) = EV / AC

= 86,571 / 88,800 = 0.9745 i.e. to get 0.9745 cents out of every $1

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