6. 06/04/09 IILUSTRATION Establish WBS WBS is a hierarchical breakdown of all the work required to achieve the scope of the portion of the objective Schedule variance (SV): Tells about the activities going on according to the schedule or not. SV=EV-BCWS. Cost Variance (CV): Provides information about the cost incurred compared to total budget allotted. CV=EV-ACWP. Actual Cost Activity Progressed Activity 1 Activity 3 Activity 2 Planned Actual Budgeted Cost Planned Schedule Cost Variance Schedule Variance EV
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10. 06/04/09 All cost Data is in INR Example Calculating EV and SV from Daily Progress Report Data of Piling activity PLANNED EXECUTED SV Piles/day Cum. Piles Cum. Cost Piles/day Cum. Piles Cum.Cost 1-June 4 4 260769.2 7 7 420000 159230.7 2-June 4 8 521538.4 6 13 780000 258461.5 3-June 0 0 521538.4 0 13 900000 258461.5 4-June 5 13 782307.6 2 15 1140000 117692.3 5-June 4 17 1043076.9 4 19 1320000 96923 6-June 4 21 1303846.1 3 22 1440000 16153.8 7-June 5 26 1564615.3 2 24 1560000 -124615.38 8-June 4 30 1825384.6 2 26 1680000 -265384.6
![EARNED VALUE: INTRODUCTION 06/04/09 "A method for measuring project performance. It compares the amount of work that was planned with what was actually accomplished to determine if cost and schedule performance is as planned." - Englert and Associates ,[object Object],[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)