Understanding Planned Value, Earned Value, Actual Cost, and

School: Georgian College - Course: PROJECT MA 205 - Subject: Accounting

Assignment No 2 Submitted by: Shubham Ashok Salunke (200535900) Answers: 1.(PV) Planned value= $1000+$1000+$1000=$3000. 2.(EV) Earned value= $1000+$1000+$500+$750=$3250. 3.(AC) Actual Cost= $1000+$900+$600+$600=$3100. 4.(BAC) Budget at completion= $1000 x 4=$4000. 5.(CV) Cost Variance = EV- AC = $3250 - $3100=150, Under budget. 6.(CPI) Cost Performance Index = EV/AC = 3250/3100=1.05, Good. 7.(SV) Schedule Variance = EV - PV = $3250 - $3000=$250, Ahead of schedule. 8.(SPI) Schedule Performance Index = EV/PV = $3250/ $3000 =1.08, Good. 9.(EAC) Estimate At Completion = AC+(BAC - EV) = $3100 + ($4000 - $3250) =$3850. 10. (ETC) Estimate to Complete = EAC - AC = $3850 - $3100 =$750. 11. (VAC) Variance at completion = BAC - EAC = $4000 - $ 3850 =$150

Sr No.What is:CalculationsResultsReview 1(PV) Planned value$1000+$1000+$1000$3000 2(EV) Earned value$1000+$1000+$500+$750$3250 3(AC) Actual Cost$1000+$900+$600+$600$3100 4(BAC) Budget at completion$1000 x 4$4000 5(CV) Cost VarianceEV- AC = $3250 - $3100$150Under budget 6(CPI) Cost Performance IndexEV/AC = 3250/31501.05Good 7(SV) Schedule VarianceEV - PV = $3250 - $3000$250Ahead of schedule 8(SPI) Schedule Performance IndexEV/PV = $3250/ $30001.08Good 9(EAC) Estimate At CompletionAC+(BAC - EV) = $3100 + ($4000 - $3250)$3850 10(ETC) Estimate to CompleteEAC - AC = $3850 - $3100$750 11(VAC) Variance at completionBAC - EAC = $4000 - $ 3850$150