Practice Exercises

Earned Value
Earned Value Management

Exercise 1:
You’re a subcontractor responsible for managing the installation of 10,000 feet of fence
around an elementary school. You estimate the cost of fence installation to be $10 per foot.
You estimate that your crew can install 500 feet of fence per week.

After 12 weeks, you have 50% of the job complete and you have spent $45,000.

Determine the value for each of the terms below:

Term Value ($)

Budget At Completion
Planned Value
Earned Value
Actual Cost
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index
Estimate At Completion
Estimate To Complete
Variance At Completion

Copyright © 2007 Velociteach

 Practice Exercises
Earned Value
Earned Value Management

Exercise 2:
Your project is required to install draperies into each of the rooms in a 250 room hotel. The
draperies and number of windows in each room are all the same. Your project has an
approved budget of $250,000 and an approved schedule of 12 weeks.

After 8 weeks, you have 100 of the rooms completed and you have spent $190,000.

Determine the value for each of the terms below:

Term Value ($)

Budget At Completion
Planned Value
Earned Value
Actual Cost
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index
Estimate At Completion
Estimate To Complete
Variance At Completion

Copyright © 2007 Velociteach

 Practice Exercises
Earned Value
Earned Value Management

Exercise 3:
Your project is tasked with re-paving 50 miles of road. You plan calls for you to pave 2 miles
per month at a cost of $50,000 per mile. The first month your periodic EV is $50,000 and
your periodic Actual Cost is $150,000. The second month your periodic EV $150,000 and
your periodic Actual Cost is $110,000. After the 3rd month you have 42 miles remaining to
pave and you have a cumulative Actual Cost of $350,000.

Determine the periodic values for Month 3 for each of the terms below:

Term Value ($)

Budget At Completion
Planned Value
Earned Value
Actual Cost
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index

Copyright © 2007 Velociteach

 Practice Exercises
Earned Value
Earned Value Management

Exercise 4:
You’re the Program Manager running the campaign to elect a new Mayor for your town.
One of your projects is required to post signs asking for people to vote for your candidate.
You have planned to post 5,000 signs around your city and at estimated cost of $5 per sign.
With a team of 5 people you expect that all of the signs will be posted in 5 days. You are
anxious to find out how the team is doing so you ask each person for their work performance
information at the end of Day-1. Here are the individual results:

Team Member 1 posted 200 signs and spent $1000

Team Member 2 posted 155 signs and spent $ 970
Team Member 3 posted 215 signs and spent $800
Team Member 4 posted 175 signs and spent $1160
Team Member 5 posted 260 signs and spent $ 1250

Determine the values for each of the terms below:

Term Value ($)

Budget At Completion
Planned Value
Earned Value
Actual Cost
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index
Estimate At Completion
Estimate To Complete
Variance At Completion

Copyright © 2007 Velociteach