Question

Aflooring subcontractor has to install 2,600sq ft of carpet for an existing building for unit cost of $2.30 per sq ft. The subcontractor was given 10 days to finish all the work. Four days after the start of the work, he found out 1,500sqft of the carpet is installed and its actual cost was $3,150 to that date. Perform EV (earned value) analysis on the task above and answer Questions 1-11 Next →

Answer 1

Q1. 58 %

% complete = Actual area of carpet installed / budgeted area

= 1500/2600

= 58 %

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Q2. 3,450

BCWP = Actual area of carpetinstalled * budgeted unit cost

= 1500*2.30

= $ 3,450

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Q3. 3,150

ACWP = Actual cost incurred till date

= $ 3,150

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Q4. 2,392

BCWS = Area of carpet as per schedule * budgeted unit cost

= 2600*4/10 * 2.3

= $ 2,392

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Q5. 300

CV = BCWP - ACWP

= 3450 - 3150

= $ 300

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Q6. 1,058

SV - BCWP - BCWS

= 3450 - 2392

= $ 1,058

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Q7. 1.095

CPI = BCWP / ACWP

= 3450 / 3150

= 1.095

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Q8. 1.44

SPI = BCWP / BCWS

= 3450/ 2392

= 1.44

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Q9. 517

FCV = CV / % complete

= 300/58%

= 517

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Q10. 1,824

FSV = SV / % complete

= 1058/58%

= 1,824

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Q11.

CV is positive and CPI is greater than 1, which means that the project is under budget

SV is positive and SPI is greater than 1, which means that the project is ahead of schedule