Project Management

Project Phases	Month 1	Month 2	Month 3	Month 4	Status at the end of Month 3
Requirements Definition	S ---------- F				Complete, spent $10,000
Architecture and Design		S --------- PF	-------- F		Complete, spent $12000
Development and unit testing			S ----- PF		50% done, spent $9000
System testing and Operation					Not yet started

Earned Value Problem

Here is an example of a software development project with four (4) phases. Each phase should take one month to complete and it is estimated that each phase will cost $10,000 per phase. The phases are planned to be completed one phase after the other. Today is the end of month three (3). Please calculate EV, CV, SV, CPI, SPI, TCPI and EAC (explain what the EAC results means to you) ... Please note that EV = (%C)*(PV). EAC is equal to BAC/CPI.