Earned Value Management Journal Guidelines

Assignment: On April 8, one week before the first internal project review is scheduled to take place, Spencer Tracey and Margaret Porter are reviewing the presentation that Spencer intends to make to their vice president.  Spencer is the project manager and Margaret is the contract manager. The project they are working on has the potential to generate 10 billion dollars over the next 7 years but only if the first year of the project is successfully completed on time (December 31) and within budget ($110 million).  

At this point in April, the project is reporting out its status on the first 25% of the work. Spencer feels optimistic about the outcome. He plans to report that the project is on track financially and is still tracking to plan. All tasks for January and February were completed on time; however, a few tasks in March began to slip. These tasks were caught early enough to implement a corrective action to ensure they finished on time. During the 2nd and 3rd weeks of March, overtime was added to bring the past due tasks back in line with the schedule baseline.

Based off this analysis, Spencer believes he will finish the project under budget at about $100 million dollars and on time. Margaret congratulates Spencer on his success so far and asks if she can review the numbers more closely. Spencer agrees and provides her with the following data:

Margaret decides to add another column, which she calls the earned value (EV) analysis.  

Complete Margaret's EV chart and answer the questions above based on the earned value analysis of the project. Fill in the missing data in the empty spaces.

Complete the following earned value calculations to determine the overall status of the project and projected outcome:  

Cost Variance (CV)

Schedule Variance (SV)

Cost Performance Index (CPI) 

Schedule Performance Index (SPI)

Estimate at Completion (EAC)

Estimate to Complete (ETC)

Variance at Completion (VAC)   

If you were Margaret, what would be your analysis of Spencer's plan, current status, and probable outcome of the project? Is the project on schedule and on budget?

Network Diagram Journal Activity

Now that you have created the work breakdown structure and received approval to begin scheduling the office move, your manager, Steve Spaniels, would like to review a network diagram and present it to the CEO.

You have worked with your project team to estimate the durations of each of the work packages in the WBS. The following is your current plan:

Assignment:

Please review the Network Diagraming. Create a project network diagram by first identifying the task predecessors (above).  Once you have completed the network diagram:

1) Calculate the forward pass and backward pass.

2) Calculate activity slack and project float.

3) Identify critical path.

Attachment:- Assignment.rar