Scribd
Upload
63 views1 page

EVM Analysis for Privacy Fence Project

The project involves building 30 privacy fence sections over 5 days at a cost of $100 per section, for a total budget of $3,000. After the first day, 5 sections were built instead of the planned 6, resulting in a cost overrun of $150 and the project being behind schedule. Based on the cost and schedule performance to date, the estimated total cost to complete the project ranges from $3,150 to $3,900 depending on whether the current cost performance improves or persists.

Uploaded by

Himanshu Talwar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
63 views1 page

EVM Analysis for Privacy Fence Project

The project involves building 30 privacy fence sections over 5 days at a cost of $100 per section, for a total budget of $3,000. After the first day, 5 sections were built instead of the planned 6, resulting in a cost overrun of $150 and the project being behind schedule. Based on the cost and schedule performance to date, the estimated total cost to complete the project ranges from $3,150 to $3,900 depending on whether the current cost performance improves or persists.

Uploaded by

Himanshu Talwar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Project: Build a privacy fence at a cost of $100 per

section
Total of 30 sections to be built over 5 days
BAC = Budget at Completion = 3000 $ = Planned Cost

Today Value Acronym


Plan = 6 sections $600 Planned Value (PV)
Built only 5 sections $500 Earned Value (EV)
Actual Cost $650 Actual Cost (AC)
Interpretation:
Cost Variance = EV - AC = 500 - 650 = -$150 (cost overrun)
CPI = Cost Performance Index = EV/AC = 500/650 = 10/13 =0.769 (1)

Schedule Variance = EV - PV = 500 - 600 = -$100 (behind schedule)

SPI = Schedule Performance Index = EV/PV = 500/600 = 5/6 = 0.83 (1)

5 days of work = 6*5 = 30 sections = 3000 $ = BAC Budget at


completion
Forecast
Work Remaining = BAC – EV = 3000-500 = 2500 = 25 section
Fund Remaining = BAC – AC = 3000-650 = 2350
Possibility 1
We do not revise the original budget and complete the work
TCPI = To-complete-performance-index = 2500/2350 =(BAC-EV)/(BAC-
AC)= 1.06
Possibility 2
EAC = Estimate at Completion
Possibility 2.1 - 3150 (CPI will remain 1) aTypical
EAC = AC + (BAC-EV) = 650+(3000-500) = 3150
Possibility 2.2 - EAC= BAC/CPI = 3000/0.769 = 3900 (CPI will
persist 0.769(Typical)

ETC = Estimate To Complete (remaining Work) = 3900-650=3250 Or


3150-650=2500 ETC=EAC - AC

You might also like