EVM question

Submitted by raza82 on Tue, 01/29/2013 - 16:52

A project manager reported the following earned value data: PV: $12,400,000 EV: $14,500,000 AC: $14,500,000 What does this mean?

a The project is over budget and on schedule.
b The project is under budget and on schedule
c The project is on budget, but behind schedule.
d The project is on budget and ahead of schedule.
 
 
 
My answer is a.
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sunitaPMP

Tue, 01/29/2013 - 20:56

ans is  D) The project is on budget and ahead of schedule..

 

SV=EV-PV=14,500,000-12,400,000=2100,000

CV=EV-AC=14,500,000-14,500,000=0

 

So its on budget and ahead schedule.

 

raza82

Wed, 01/30/2013 - 05:22

yes ur right, u know sometimes when ur so tired of giving mock test, we tend to forget the basics.

 

Thats what happened to me last night when I was giving Oliver Lehman's test :-)

 

And I couldn't just understand how the answer was D   

steelproject2012

Sun, 02/03/2013 - 13:11

Alternatively, we can say:

CPI = EV/AC = 14.5/14.5 = 1.00

SPI = EV/PV = 14.5/12.4 = 1.17

In sum, the project is on budget (CPI=1.0)  and ahead of schedule by 17% (SPI=1.17)