You Are Looking To Calculate The Earned Value For A Project With A Project Plan That Had A Budget Of $5,000,000; Activities = 20 (Equally Weighted), And A Duration = 10 Months. Let’s Assume That The Project Spending Rate Is The Same Each Month Until Completion. At Month 5 Your Personnel In The Field Are Reporting That You Are 40% Complete On The Project And
ou are looking to calculate the Earned Value for a project with a Project Plan that had a Budget of $5,000,000; Activities = 20 (equally weighted), and a Duration = 10 months.
Let’s assume that the project spending rate is the same each month until completion. At month 5 your personnel in the field are reporting that you are 40% complete on the project and you’ve spent $3,000,000. What does your Earned Value Management look like?
In other words, calculate the Earned Value Analysis, Variance Analysis, and Trend Analysis for this project and discuss these values.