EVM PRACTICE EXERCISES IN CLASS
A graphic artist agreed to create 200 new images for his work within 50 days at
a cost of 60 QR per image. After 14 days the graphic artist had completed 80
images at a total cost of 1900 QR.
BAC (Budget at Completion): How much you are expected to spend on the project
BAC: 60×200=12000
PV (Planned value): BAC x Approved value of work to be completed in a given
time (what you should have delivered so far/what you were supposed to spend)
PV: 12000×14÷50=3360
AC (Actual Cost): What the team has actually spent.
AC: 1900
EV (Earned Value): BAC x Actual value of work you have earned (How much work
the team has finished)
EV: 60×80=48000
SV (Schedule Variance): EV – PV
SV: 48000-12000=36000
CV (Cost Variance): EV-AC
CV: 48000-1900=46100
SPI (Schedule Performance Index): EV/PV
SPI: 48000÷3360=14.29
CPI (Cost Performance Index): EV/AC
1
CPI: 48000÷1900=25.26
TCPI (To Complete Performance Index): BAC-EV/BAC-AC
TCPI:
12000-48000=-36000
12000-1900=10100
-36000÷10100= -3.6
EAC (Estimated Actual Cost): BAC/CPI
EAC:
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An electrician is requested to install lighting fixtures for a 5* star hotel with 500
rooms. He has to install 10 lighting fixtures in each room. His approved budget
for the work is 800.000 QR and the approved timeframe is 12 weeks. After 5
weeks, the electrician has completed 200 rooms and spent 350.000 QR.
BAC (Budget at Completion): How much you are expected to spend on the project
BAC: 800000
PV (Planned value): BAC x Approved value of work to be completed in a given
time (what you should have delivered so far/what you were supposed to spend)
PV: 800000×5÷12=333333.33
AC (Actual Cost): What the team has actually spent.
AC: 350000
EV (Earned Value): BAC x Actual value of work you have earned (How much work
the team has finished)
EV: 200×5=1000
500×5=2500
800000×1000÷2500=320000
2
SV (Schedule Variance): EV – PV
SV: 320000-333333.33= -13333
CV (Cost Variance): EV-AC
CV: 320000-350000= -30000
SPI (Schedule Performance Index): EV/PV
SPI: 320000÷333333.33=0.96
CPI (Cost Performance Index): EV/AC
CPI: 320000÷350000=0.91
TCPI (To Complete Performance Index): BAC-EV/BAC-AC
TCPI: 800000÷320000= 2.5
800000÷350000=2.29
2.5÷2.29=1.09
EAC (Estimated Actual Cost): BAC/CPI
EAC: 800000÷0.91=879120.9
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The project is to excavate 800.000 cubic meters of dirt within 30 weeks.
According to the management plan you need to excavate 50.000 cubic meters at
QR15 per cm. After 10 weeks, 300.000 cubic meters of dirt have been excavated
at a total cost of 2.000,000 QR.
BAC (Budget at Completion): How much you are expected to spend on the project
BAC:
3
PV (Planned value): BAC x Approved value of work to be completed in a given
time (what you should have delivered so far/what you were supposed to spend)
PV:
AC (Actual Cost): What the team has actually spent.
AC:
EV (Earned Value): BAC x Actual value of work you have earned (How much work
the team has finished)
EV:
SV (Schedule Variance): EV – PV
SV:
CV (Cost Variance): EV-AC
CV:
SPI (Schedule Performance Index): EV/PV
SPI:
CPI (Cost Performance Index): EV/AC
CPI:
TCPI (To Complete Performance Index): BAC-EV/BAC-AC
TCPI:
EAC (Estimated Actual Cost): BAC/CPI
EAC:
4
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You are managing the construction of Hamad International Airport. The project
is scheduled to be completed in 2 years with an approved budget of 50 million
QR. At the end of the first year, the value of the work completed costs 25
million QR. The actual costs were 19 million.
BAC (Budget at Completion): How much you are expected to spend on the project
BAC:
PV (Planned value): BAC x Approved value of work to be completed in a given
time (what you should have delivered so far/what you were supposed to spend)
PV:
AC (Actual Cost): What the team has actually spent.
AC:
EV (Earned Value): BAC x Actual value of work you have earned (How much work
the team has finished)
EV:
SV (Schedule Variance): EV – PV
SV:
CV (Cost Variance): EV-AC
CV:
SPI (Schedule Performance Index): EV/PV
SPI:
5
CPI (Cost Performance Index): EV/AC
CPI:
TCPI (To Complete Performance Index): BAC-EV/BAC-AC
TCPI:
EAC (Estimated Actual Cost): BAC/CPI
EAC:
