Earned Value & Forecasting
The Green Space Project is now in execution!!!
Please refer to the project S Curve spreadsheet posted on D2L and referred to in the Earned Value Slide Deck.
It is the end of period 8. The following is the status of the various activities
WBS Actual % Complete Actual Costs
1.2.1 Hazardous Waste 100 $320,000
1.2.2 Garbage Removal 100 $20,000
1.2.3 Other waste (eg concrete) 100 $5,000
1.3.1 Grading 100 $480,000
1.3.2 Make Beds 80 $52,000
1.4.1 Install Playground 0 $0
1.4.2 Place Borders & Gravel 50 $18,000
1.5.1 Brick pathways 100 $65,000
1.5.2 Signage 20 $2,000
1.5.3 Fencing 0 $0
1.6.1 Lay Grass 20 $13,000
1.6.2 Plant Trees 50 $30,000
1.6.3 Plant Shrubs 0 $0
1.6.4 Plant Flowers 0 $0
1) Using Earned Value analysis calculate the following:
• Cost Variance, and Cost Performance Index. Is the project over or under budget to date?
• Schedule Variance, and Schedule Performance Index. Is the project ahead of or behind schedule to date?
• Planned % Complete, Actual % Complete, and Cost % Complete
2) Using one of the methods discussed in class, calculate the Estimate at Completion for the project. Justify why you used the method you did.
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