Earned Value management Question

Submitted by taifii on Fri, 06/28/2013 - 14:13
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 If one Project should complete in 10000 $ and required number of hours 1200 with hourly labour cost 150 per hour.

But In actually they reach the cost 8000$ and number of hours spend 1400 with hourly labour cost 150per hour so what will be Earned Value.

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taifii

Fri, 06/28/2013 - 17:28

I am confuse about this question, you can expect such kind of questions in exam..... :-(....This scanario based on what we will no how much actual work performed...???

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cnppmp

Sat, 06/29/2013 - 13:11

$154800?

 

Regards

CN Patil

 

 

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taifii

Sun, 06/30/2013 - 08:18

Hi Patil,

How did you calculate, would you please share...

Thanks 

humanbeing2001

Sat, 06/29/2013 - 18:40

How did you arrive at 154800.

loma

Sun, 06/30/2013 - 09:29

Not fully sure, but here using EV=%compl*BAC

 

so EV=100%*(cost+labour cost)=8000+(1400*150)= 218000

humanbeing2001

Mon, 07/01/2013 - 06:28

After giving many thoughts in the question,

162857

 

Please let me know if this is the right answer.

alexalburca

Mon, 07/01/2013 - 19:02

the question is poorly worded!
 
First the planned value should hit with the hours spent.
 
  1200 hours * $ 150 per hour: the result would be $ 180,000
 
how he spent $ 8,000 on 1400 hours and $ 150 per hour .. is not no way!
 
how to calculate something? there is no way?
 
 
 
 
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taifii

Mon, 07/01/2013 - 20:33

 Agree .Can not be calculated

humanbeing2001

Tue, 07/02/2013 - 10:01

Dear Taifii, Could You please provide the options? If You can't, then let me reveal my way of calculation,

 

SPI= Schedule performance Index which shows the Schedule performance with respect to Cost. Here we can exptrapolate the same thru time (if you want to have any calcualtion).

Planned Time = 1200 Hours, Actual Time Taken =1400 Hours,

In actual 1 unit planned has been done at 1200/1400 unit of actual work. (SPI)

PV = 10000+1200*150 = 190000

EV = PV * SPI = 190000 * 1200/1400 = 162857.

This is How EV can be arrived.