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Posted: August 9th, 2022
Assignment # 1 – OPTIONAL – Bonus Question
Assignment # 1 – OPTIONAL – Bonus Question
Earned Value
You have a project to install twelve (12) CNC machines in a
production line over 12 weeks or one machine per week. The
cost per CNC machine installation is $25,000 per machine and
the project will last 12 weeks. At week number five (5), seven (7)
CNC machines were installed, and you have spent $195,000.
Show all work and final answer. Each answer is worth 1 mark. Total 6
marks.
A) Calculate the Planned value at week number 5 (PV)
B) What is the earned value EV?
C) What is the cost variance CV?
D) What is the schedule variance SV?
E) Calculate cost performance index (CPI)
F) Calculate schedule performance index (SPI)
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