Inspired by his trip to Greece, the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard. His earned value table for the project appears below
At the end of June, what was the estimated time to completion and the estimated cumulative cost to completion?
Activity Jan Feb Mar Apr May Jun Jul Plan % Complete Earned Value
Grading 500 150 650 100% 650
Footings 200 150 350 100% 350
Foundation 800 300 1,100 80% 880
Masonry 300 300 200 800 70% 560
Interior 700 2,000 2,700 50% 1,350
Pump Install 3,000 3,000 40% 1,200
Painting 350 400 750 25% 188
Monthly Plan 500 350 950 600 1,000 2,550 3,400 9,350 5,178
Cumulative 500 850 1,800 2,400 3,400 5,950 9,350
Monthly Actual 600 400 900 800 800 2,800 0
Cumulative Actual 600 1,000 1,900 2,700 3,500 6,300
At the end of June, the PV=5950; EV=5,178; and AC=6,300. The SPI=0.87 and the estimated time to completion is 8.04 months. The cost performance is 0.82, so the estimated cost to completion is $11,377.
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