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A project has a budget of 7,500,000$ and is expected to last five years , the project is now in year three and is 40% complete.

What is the earned value of this project if the project manager has spent4 millions $ of the project budget so far?

 

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Question ajoutée par Yaqoub Alomar , Civil Engineer , Al-Zubeir municipality
Date de publication: 2017/01/05
DR MD ANWAR HOSSAIN
par DR MD ANWAR HOSSAIN , Moderator , bayt.com

Thank you. I agree with experts & looking forward to new answers. 

مرسي احمد مرسي العريني
par مرسي احمد مرسي العريني , مدير مشروع إنشائي , ابناء سليمان القضيبي للمقاولات

thanks for the invitation

I did not understand what you want

hisham abu dagga
par hisham abu dagga , Project Manager / مدير مشاريع , مؤسسة عبدالكريم العواض للمقاولات

 

Thank you for the invitation

 

Each greeting to everyone on the benefit and enrichment of informational

يوسف دمدوم
par يوسف دمدوم , مهندس و مسير , مقاولة اشغال البناء

budget of Project is 7500000 dollars

  4500000=  7500000× %earned value is 60

60%Work that is being done in three years

Abdul Rehman
par Abdul Rehman , Electrical Engineer , Tamdeed Projects

Thanks for the invitation. Sorry, I have no idea in this regard.

mamoun mokhtar
par mamoun mokhtar , general manager , albyan technical foungary

it is confusing question if you calculate time wise the project already on the third year and the completion time is five years and the budget is 7,500,000 us$ then using this time percentage the project should have earned 3/5 x7,500,000 = 4,500,000 us$ , using completion percentage then it is 40% x7,500.000 = 3,000,000us$ working on the average earning  then the project should have earned  (4,500,000 + 3,000,000) /2 = 3,250,000 us$ but actually the project earned 4,000,000 us$ the earning balance is  4,000,000- 3,250,000 = 750,000usus$

Md Fazlur Rahman
par Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

For forty percent completion, expenditure would have been .40x7.5 million= 3 million only. So, earned value is 3 million only. 

 

 

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