Question

4) The overall project budget is $20,000. At Week 8, the actual cost is $9,000 and the CPI is

1.1. What is the earned value of the project at Week 8?

Answer 1

the earned value of the project is $9,900

Explanation:

The computation of the earned value of the project is shown below:

As we know that

CPI = Earned value ÷ Actual cost

1.1 = Earned value ÷ $9,000

So, the earned value is

= 1.1 × $9,000

= $9,900

hence, the earned value of the project is $9,900