Pm592 Week 5 Assignment

PM 592 Week 5 Assignment Problem 5-1 Earned Value Calculation 1. What are the PV, EV and AC for the project at the end of end Day 6? PV = $101,000 AC = $88,880 EV = (PV x % Completed) = 101,000 x 6/7 = $86,860 2. What are the SV, CV, SPI and CPI for the project? SV = (EV-PV) = $86,860 - $88,880 = $-14,140 (Project is behind schedule) CV = (EV-AC) = $86,860 - $88,880 = $-2,020 (Project is over budget) SPI = (EV/PV) = .86 (If the number is below 1.0 which means the project is behind schedule) CPI = (EV/AC) = .97 (If the number is below 1.0, so the cost is greater than budget (over-budget) 3. Asses the project performance to date? Do you get to have the celebration. No celebration. The project at the end of day 6 is overbudget and behind schedule. Problem 5-2 1. Calculate the schedule variance for each task and the total project. - (EV-PV) Task A (1600 1600) = 0 Task B (4000 4000) = 0 Task C (12,645 14050) = -1405 Task D (580 1450) = -870

Task E (0 2000) = -2000 Task F- = 0 Task G = 0 Total SV = -4275 2. Calculate the cost variance for each task and the total project. - (EV-AC) Task A (1600 1800) = -200 Task B (4000 4500) = -500 Task C (12,645 13500) = -855 Task D (580 500) = 80 Task E (0 0) = 0 Task F- = 0 Task G = 0 Total C = -1475 3. What is your assessment of the project at this time? The project is behind schedule and overbudget at the end of day 6. Therefore it is not likely that the project will be completed unless additional funding is approved and an assessment of resources (more or less) is needed to complete the project. There will be NO celebration for the project team!!!!