Question

From the data shown below, calculate the earned value of each control account as of 5/30/19. Assume all control account work is on schedule except as noted below.

Control Account	Scheduled Start	Scheduled Completion	Budgeted Value	EV Progress Rule
1	3/3/2019	6/30/2019	10,000	Percent Complete with Gates (Note 1)
2	5/5/2019	6/6/2019	3,000	Fixed Formula: 50/50
3	5/26/2019	6/6/2019	1,000	Fixed Formula: 0/100
4	5/12/2019	5/30/2019	2,000	Fixed Formula: 30/70
5	4/14/2019	7/11/2019	15,000	Weighted Milestones (Note 2)

Note (1): Five equally-valued gates have been established in this control account. Two of the five gates are complete as of 5/30/19. The Control Account Manager estimates that half of the work required for the third gate has also been completed.

Note 2: Six milestones have been established in this control account with the following values: (1) milestone 1 – 20%; milestone 2- 15%; milestone 3 – 10%; milestone 4 – 25%; milestone 5 - 15%; milestone 6 – 15%. Three of the milestones are complete as of 5/30/19.

Answer 1