Practice Question #1 After consultations with the sponsor, stakeholders and subject matter experts over a period of four weeks, a
project Charter was signed.
The project was to build a fence around a residential subdivision that is 8,000 feet in total length. The cost is
estimated to be $12 per foot the project should take 16 weeks to complete based on a project of a similar
scope done the previous year.
A review of the project is done after 5 weeks when 2,700 feet of the fence is complete, at a cost of 32
thousand dollars. The PM and his team have examined their estimates and have concluded that project
expenses and the schedule ratios will continue at this rate for the project duration.
Please enter your answer in this format where value only required:
$29,143
Calculate Earned Value Metrics
1. What is the plan value of your project at this point?