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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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I did not understand what you want
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budget of Project is 7500000 dollars
4500000= 7500000× %earned value is 60
60%Work that is being done in three years
Thanks for the invitation. Sorry, I have no idea in this regard.
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$
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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