Outputs :Inputs : Technique: 1. Work performance measurements 1. Earned Value 2. Budget forecasts .1. Project ManagementManagement plan 3. Change request . 2.Forecasting2. Project funding 4. Project plan updaterequirements . 3. Performance review . 5. Project document3. Work updateperformance 4,5,6 6. Organizationalinformation process assets updates4. OPA
Primary Data PointsBudget At Completion (BAC)PV = BAC * % of planned work.EV = BAC * % of Actual workAC is the actual cost
Problem: A project has a budget of £10M and schedule for 10 months. It isassumed that the total budget will be spent equally each month until the 10thmonth is reached. After 2 months the project manager finds that only 5% ofthe work is finished and a total of £1M spent.PV = £2MEV = £10M * 0.05 = £0.5MAV = £1MCV = EV-AC = 0.5-1 = -0.5MSV = EV-PV = 0.5-2 = -1.5 monthsCPI = EV/AC = 0.5/1 = 0.5SPI = EV/PV = 0.5/2 = 0.25EAC = BAC/CPI = 10/0.5 = £20METC = (BAC-EV) / CPI = (10-0.5)/0.5 = £19MTTC= (BAC-EV) / SPI= (10-0.5)/0.25 = 38 MonthsThis project will take TOTAL £20M (19+1) and 40 (38+2) Months to complete.