Your project to deliver a product has five activities, each with a finish-to-start relationship. Project baseline information is presented below indicating the planned schedule and budgeted cost of each activity.
Baseline
| Activity Name | Start
(Baseline) |
Finish
(Baseline) |
Cost
(Baseline) |
| Product | 6/2/14 | 5/25/15 | |
| Requirements | 6/2/14 | 8/22/14 | 60,000.00 |
| Design | 8/25/14 | 11/14/14 | 90,000.00 |
| Build | 11/17/14 | 3/20/15 | 120,000.00 |
| Test | 3/23/15 | 5/22/15 | 50,000.00 |
| Release | 5/25/15 | 5/25/15 | 0.00 |
You have to report project status as of January 30, 2015. The associated schedule and cost information is provided below. Assume: (1) a five-day work week; and (2) a constant resource loading (i.e., the rate of planned expenditures is constant over the duration of each activity).
Actual
| Activity Name | % Complete | Start
(Actual) |
Finish
(Actual) |
Cost
(Actual) |
| Product | 6/2/14 | NA | ||
| Requirements | 100 | 6/2/14 | 8/30/14 | 68,000 |
| Design | 100 | 8/31/14 | 11/20/14 | 85,000 |
| Build | 70 | 11/21/14 | NA | 110,000 |
| Test | 0 | NA | NA | 0 |
| Release | 0 | NA | NA | 0 |
Show all work. Round dollar values to the nearest dollar. Calculate all other variables to three decimal places.
- Earned Value Measures
- Calculate earned value measures for each activity and for the cumulative project as of January 30, 2015; fill in the table below:
| Activity | Planned Value (PV) | Earned Value (EV) | Actual Cost (AC) |
| Requirements | 68,000 | ||
| Design | 85,000 | ||
| Build | 110,000 | ||
| Test | 0 | ||
| Release | 0 | ||
| Entire Project |
- What is the Budget at Completion (BAC) for the project?
- Earned Value Performance Measures
- Calculate earned value performance parameters for each activity and for the cumulative project as of January 30, 2015; fill in the table below:
| Activity | Schedule Variance (SV) | Schedule Performance Index (SPI) | Cost Variance (CV) | Cost Performance Index (CPI) |
| Requirements | ||||
| Design | ||||
| Build | ||||
| Test | ||||
| Release | ||||
| Entire Project |
- Is the project ahead of schedule, on schedule, or behind schedule? Why?
- Is the project over budget, under budget, or on budget? Why?
- Earned Value Forecasts
- Assuming the Cost Performance Index (CPI) remains constant for the remainder of the project:
- What is the Estimate at Completion (EAC)?
- What is the Estimate-to-Complete (ETC)?
- Assuming the Cost Performance Index (CPI) remains constant for the remainder of the project:
- How much more or less money (other than the current budgeted amount) will you need to finish the project?
- How much would the Cost Performance Index (CPI) have to change in order to complete the project within the original budget?
