Earned Value Management Problem:
Suppose that work on a project task was expected to cost $1500 to complete the task and the workers were originally scheduled to have finished today. As of today, however, the workers have actually expended $1350 and our best estimate is that they $1350, are 2/3 finished. Assuming that the variances are typical and will continue until the task has ended, (use ETC = (BAC – EV)/CPI); calculate the earned value (EV), cost variance (CV), schedule variance (SV), and the projected (total cost) estimated at completion (EAC) for the project.

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