Calculate actual cost-earned value and planned value

Reference no: EM13299867

You are developing a new rocket motor for NASA. The project duration is planned for 20 weeks. The project budget is $40,000 and is planned to be spent on a level bases through out the project. You are at the end of week 10, the accounting department tells you the project has spent $19,500, your project manager tell you that you are 40% of the WBS is complete. Calculate the following;

Actual Cost, Earned Value, Planned Value.

Actual Cost should be $40,000 * 0.40 = $16,000

Planned Value = 40,000

Earned Value = $40,000 - (40,000*0.6) = $16,000

Reference no: EM13299867

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