# DeVry PROJ 592Week 5 Earned Value Assignment Problems

## DeVry PROJ 592Week 5 Earned Value Assignment Problems

DeVry PROJ 592Week 5 Earned Value Assignment Problems

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5-1 Earned Value Calculation
You are 5 months into aan 8 month project. The project is linear, which means that the planned progress and budgeted spending occurs at a constant rate. Our crack project team of highly skilled associates has worked diligently and put in extra hours to keep the project going. Our accounting department has provided the following data at the end of month 5:
Actual cost to date = \$100,000
Planned expenditures to date = \$120,000
The CFO is excited and has sent you an email congratulating you for being 27% under budget. However, is it really time to hold a team celebration? That would be fun but your project manager mentality kicks in. Those numbers look good but how are we ‘really’ doing? To understand the true project performance, we need to apply earned value techniques.
Since we have the AC and the PV the missing piece we need is Earned Value (i.e. what we have actually accomplished so far). You meet with your team and find that only 6 of the 8 tasks scheduled to be complete by the end of month 5 have actually been completed. Task 7 isn’t even started! This information gives you the final data you need to apply ‘Earned Value’ and develop an objective analysis.

DeVry PROJ 592Week 5 Earned Value Assignment Problems