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Calculating budgeted cost of work performed

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Note: I am an adult continuous learner. I started to learn EVM at work; however, I am hitting a wall with the EVM problems I am posting. Since I am a visual learner and learn by example, I need the following completed.

1) Provide and show all answers and step by step work to obtain the answer, not skipping any steps. Show all equations, acronyms (ie ETC, ACWP, etc), and if applicable, a description of how you came to the answer. Thanks.

Problem:

Bob establishes X/Y 50/50 EV technique for a work package valued at 80 hours. At the end of the 1st month, he has not spent 30 hours against this WP, but he has not completed the work. Current BCWP hours for the WP are?

Solution Preview

Thanks again for the opportunity.

BCWP (Budgeted cost of work performed) or EV (earned value) is the budgeted cost of work that was performed during the scheduled task.

The 50/50 EV ...

Solution Summary

This solution calculates the budgeted cost of work performed.

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