Final answer:
To calculate the Earned Value (EV) for the student's project, you multiply the total budget of the project by the actual percent complete, resulting in an EV of approximately $145,296.18.
Step-by-step explanation:
The student's question deals with a common project management metric known as the Earned Value (EV). To calculate EV, we need to consider the percentage of the project that has been completed and the total budget. In this case, the student states that they had planned to have 58% of the work done by now, but they have completed only 54% of the activities. The EV is the budgeted amount for the work actually performed on the project, and it can be found by multiplying the total budget with the actual percent complete.
To find the EV:
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- Total Budget (BAC) = $269,067
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- Percent Complete (Actual) = 54%
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- EV = BAC × Percent Complete
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- EV = $269,067 × 0.54
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- EV = $145,296.18
Therefore, the Earned Value (EV) for the project is approximately $145,296.18.