You are a project manager on a project that uses earned value management. The project has the following budget and status:

Project Monitoring and Control (Earned Value) Problems

As a project management professional, it is important for you to be able to review numbers and report on what they are saying. It is also important for you to be able to use software that helps you keep timelines and keep the project running on time and smoothly. This assignment will continue to help prepare you for your responsibilities.

 

Respond to the Following Problems

 

Reference pages 527-539 in the textbook: Data Analysis -Earned Value Analysis

 

You are a project manager on a project that uses earned value management. The project has the following budget and status:

 

 

 

Project Duration (months):

 

14

 

Current Reporting Period (month):

 

6

 

BAC:

 

$387,000

 

Cumulative PV:

 

$68,345

 

Cumulative AC:

 

$78,379

 

% of the project completed through the reporting period:

 

19%

 

Estimate to Complete:

 

$294,677

 

Based on this information, determine the following:

 

 

 

Cumulative EV

 

Schedule Variance (SV)

 

Schedule Performance Index (SPI)

 

Cost Variance (CV)

 

Cost Performance Index (CPI)

 

EAC (bottom-up)

 

VAC (bottom-up)

 

TCPI

 

Based on your calculations in Question 1 above, respond to the following:

 

What is the status of project accomplishment performance through the current reporting period? Why?

 

What is the status of project cost performance through the current reporting period? Why?

 

Is the project projected to complete over- or underbudget? Why?

 

Interpret the TCPI metric.

 

Based on your calculations in Question 1 above, an inexperienced and arrogant project analyst from the project management office has computed an additional metric: Cost Schedule Index, which equals SPI * CPI. He wants you to report this metric to the customer, instead of SPI and CPI separately. What should you do and why?

 

The Program Manager doubts your numbers. In particular, he does not believe your EAC number and requests that you calculate the EAC NOT assuming future performance will behave like past performance.

 

Compute EAC when cost performance is negative and schedule dates must be met: EAC = AC + [(BAC – EV) / (CPI × SPI)]

 

Compute EAC using actual costs to date and assuming ETC uses budgeted rate: EAC = AC + (BAC – EV)

 

Interpret the results of the EAC in a.

 

Interpret the results of the EAC in b.

 

Based on items a-d above, what do you think the Program Manager will request from you regarding the bottom-up EAC?

 

You are having a hallway conversation with the same project analyst from Question 3 who is realizing that he may not know as much about earned value management as he thought when he joined the company. Still, he is convinced that the following statements below are correct. How would you respond to him based on each statement (i.e., formulate a specific response and supporting rationale for each statement below)?

 

EAC becomes Cumulative AC at project completion.

 

Cumulative EV can be greater than BAC at project completion.

 

EAC can be smaller than BAC at project completion.

 

ETC can be greater than 0 at project completion.

 

This assignment uses a scoring guide. Please review the scoring guide prior to beginning the assignment to become familiar with the expectations for successful completion.

 

APA style is not required, but solid academic writing is expected.

 

Ensure that your last name is in the file name and submit your completed Excel file by the end of this week.

 

You are not required to submit this assignment to LopesWrite.

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