Question

Please do not assume any value

Calculate % complete from this data.

• The project is expected to add 6 new features.
• The projected cost for the project is $400,000 and my development time is 12 months.
• At the end of month 4 we spent $70,000 per feature and completed the development of two new features.
• The team is about to start the development of the third new software feature.

Requirement::

Calculate the Earned Value from the given data..

i need this answer asap..

Thanks.

Answer 1

Given: Total Projected Cost = $400,000

No. of features = 6 features

After 4 months, no. of features completed = 2 features

% of features completed = 2 *100 / 6 = 33.33

Hence, % complete = 33.33%

Earned Value = % complete * Total Projected Cost = 33.33% * 400,000 = $1,33,333.33

Earned Value = $1,33,333.33

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