Part II: COMPLETE: Project Control/Earned Value Management
Note: Watch this YouTube video, hosted by Defense Acquisition, for tips to complete this section: Basic EVM Part 1.
As the project manager on your neighbor’s shed, you have the following information on Day 20:
| BAC | $10,000/20 |
| Work: See WBS for work to 20 days | (See WBS) |
| Schedule: 30 days | 20 days |
| (BCWS) Budgeted Cost of Work Scheduled: Day 20: | (See estimate) |
| (BCWP) Earned Value Actual Cost of Work Performed: | $6,500 |
| (ACWP) Actual Cost of Work Performed: | $6,200 |
Complete the following analysis and answer the questions below:
Percent Scheduled: (BCWS/BAC)*100 _______
Percent Spent: (ACWP/BAC) * 100 _______
Percent Complete: (BCWP/BAC) * 100 _______
Analyze the situation:
• Are you on Track?
• Are you on budget?
• Are you on schedule?
• What deviations/ variances exist?
• What risks are we monitoring?
• What issues do we need to resolve?
• What lessons have we learned?
