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QUESTION

You have a project to build a new fence. The fence is four sided. Each side is to take one day to build and is budgeted for $1,000 per side. The...

You have a project to build a new fence. The fence is four sided. Each side is to take one day to build and is budgeted for $1,000 per side. The sides are planned to be completed one after the other. In this case, assume that the sides have a Finish-Finish relationship instead of a Finish - to Start relationship. Today is the end of the third day.

Task          Day 1              Day 2              Day 3                  Day 4                      Status  at the end of Day 3

Side 1        S........F                                                                                                 Complete: spent $1,000

Side 2                              S....F.....PF                                                                      Complete: spent $900

Side 3                                   S......           PS.....PF                                                  50% done: spent $1,000

Side 4                                                           S.......                PS.......PF                   75% done: spent $300

KEY

S = Actual Start,  F = Actual Finish, PS = Planned Start,  PF = Planned Finish

What is:    Calculation                                    Answer                                       Interpretation of answers

PV

EV

AC

BAC

CV

CPI

SV

SPI

EAC

ETC

VAC

Earned Value ExerciseExample*: You have a project to build a new fence. The fenceis four sided. Each side is to take one day to build and isbudgeted for $1,000 per side. The sides are planned to...
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