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Whirlwind Bike Earned Value Question

Paul Naybour Paul Naybour

Published: 2nd December 2013

Whirlwind Bike Earned Value Question     
Planned cost (BCWS) week 6 194,000Planned Duration 12periods
Work PackageDurBAC%completeEVActual Cost
Start-up and mobilisation1           5,000100%        5,000                 5,000
Design frame2         60,00095%     57,000              57,000
Design wheels1         10,000100%     10,000              12,000
Design the ancillaries1         10,000100%     10,000              15,000
Build the frame4         60,0000%               –   
Build the wheels2         20,00070%     14,000              14,000
Build the ancillaries1         20,00090%     18,000              17,000
Integrate the bike2         40,0000%               –   
Test the bike2         20,0000%               –   
Launch the bike1           5,0000%               –   
Project Management 12         48,00050%     24,000              22,000
Total       298,000    138,000            142,000
      
CPI = EV / AC0.97    
SPI = EV / PC                0.71    
SV= EV – PC–          56,000    
CV = EV – AC–            4,000    
      
Actual completion = planned duration / SPI              16.87    
      
EAC = BAC/ CPI         306,638    

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