Question

We are working on a project and want to status it today since we had planned to have 58% of the work done by now. We have spent $111,767 of the total budget of $269,067, while we have completed 54% of the activities. What is the EV? a. $111,767 b. $145,296 c. $156,059 d. $269,067

Answer 1

The Earned Value (EV) is $145,296.

Step-by-step explanation:

To calculate the Earned Value (EV), we need to use the formula EV = Budget at Completion (BAC) × Percent Complete. BAC is the total budget of $269,067 and Percent Complete is the completed percentage of 54%. Therefore, the EV is $269,067 × 54% = $145,296.

The correct answer is (b) $145,296.