If Doris has 10 drawings to complete in 4 weeks. She has a budget of $250 per drawing
and her plan was to complete 3 drawings in week one
you check the financials at the end of week one and you see that Doris has spent $1100 and completed 5 drawings.
How is Doris doing on this project as determined by Earned Value analysis?
Formulas that may be used for this equation.
CV = EV – AC
SV = EV – PV
CPI = EV / AC
SPI = EV / PV
EAC = BAC / CPI
VAC = BAC – EAC
ETC = (EAC – AC)
TCPI = (BAC – EV) / (BAC-AC)