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…