Construction Engineering

Earned Value

The budgeted cost of the work actually completed to date.

Earned value EV prices the work done at its budgeted rate. Compared with actual cost it measures cost performance (CPI = EV/AC); compared with the planned value it measures schedule performance (SPI = EV/PV).

An index below 1.0 is unfavourable for both: over budget, or behind schedule. The estimate at completion is commonly projected as the budget at completion divided by CPI.

How much of the FE Civil exam is Construction Engineering?