A road project was planned to be completed in 8 months. Calculate the SV when the earned value information at the end of six months is given as: BAC = $8000 , AC = $12000, % complete = 100% Saving Changes...
I agree with my colleagues, but this looks like a question meant to trick you, and I'm not sure whether they are mixing up terms.
In this case there is a Variance at Completion (VAC) because there was a cost overrun of $4000. SV however is a predictive value to tell you how far off you will be at completion, and the project is already complete.
SV = BCWP - BCWS. It's how much did you complete compared to how much you planned to complete.
BCWP = 8000. That's how much it was estimated to take over 8 months. BCWS is how much work was scheduled over 6 months. They don't tell you how much work was performed over 6 months, only how much work was performed over 8 months. I'd go with zero, because SV is meaningless at completion, and they don't provide you with enough information to calculate the value of how much was only planned to complete at 6 months. Saving Changes...
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