(Solved Homework): You are working on a project that is scheduled to be completed in 2 years. The total…

You are working on a project that is scheduled to be completed in 2 years. The total budget for the project is $5,000. Eighteen months have passed and the schedule indicates that 75% of the work should be completed by now. But your team has already completed 90% of the project and spent $3000.
What is the Earned Value (EV) for this project at this point in time?

$5,000 * 75% = $3,750
$5,000 * 90% = $4,500
$3,000 * 75% = $2,250
$3,000 * 90% = $2,700

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Answer

Earned value = total Project budget* % of completed project

= 5000*90%

=$4,500

Option B is answer.

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