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B. Exercise on Earned value Information: • The annual budget of the project is Birr 150000 • Budgeted Cost of Work Schedule (BCWS) for the work at the end of the sixth month is 75000 • Work completed at the end of the sixth month= 45% • Actual cost incurred in the sixth months = 85000 Required Calculate: a. The schedule variance: - BCWP-BCWS 45000-75000= -30000 b. The cost variance: - BCWP-ACWP 45000-85000= -40000 c. Schedule performance index: - BCWP/BCWS 45000/75000= 0.6 d. Cost performance index:- BCWP/ACWP 45000/85000= 0.53 e. Comment on the progress of the project and explain what remedial measures should management take in the remaining six months of the project to be on the track.
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