GENG8020 Assignment #4 Earned Value Analysis Your project team has been tasked with assembling 100 data acquisition systems in 8 days. The estimated cost of each unit is $10,000, for a total project cost of $1,000,000 The following table provides the schedule and cost estimates determined at the start of the project: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Planned Day 8 10 12 15 18 15 15 10 5 number of built systems Estimated 100,000 120,000 150,000 180,000 150,000 150,000 100,000 cost for 50,000 the day (5) Estimated 100,000 220,000 370,000 550,000 700,000 850,000 950,000 cumulative 1,000,000 cost (5)
What is the budgeted cost of work scheduled (BCWS)? $550,000 What is the budgeted cost of work performed (BCWP)? $500,000 What is the actual cost of work performed (ACWP)? $500,000 Calculate the schedule variance (SV). SV = 550,000 - 500,000 = $50,000 Calculate the cost variance (CV). CV = 500,000 - 500,000 = 0 Calculate the Schedule Performance Index (SPI). SPI = 550,000 / 500,000 = 1.1 Calculate the Cost Performance Index (CPI). CPI = 500,000/500,000 = 1