Project Management Assignment
Following are data reporting progress on a project. Work on all tasks contained in the table is scheduled to be complete as of the day of the report.
|
Budget
|
Begun?
|
Complete?
|
Actual cost
|
Earned Value
|
|
Task A
|
3,100
|
Yes
|
Yes
|
3,100
|
|
|
Task B
|
4,000
|
Yes
|
Yes
|
4,500
|
|
|
Task C
|
2,500
|
Yes
|
Yes
|
2,250
|
|
|
Task D
|
4,000
|
Yes
|
No
|
3,500
|
|
|
Task E
|
3,500
|
Yes
|
Yes
|
4,000
|
|
|
Task F
|
2,500
|
No
|
No
|
0
|
|
1) Using the 50-50 Rule, what is earned value for this project?
2) Using the 0-100 Rule, what is earned value for this project?
3) Note the discrepancy of earned value figures when using the 50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your rationale.
4) Using the 50-50 Rule earned value computation, what is schedule variance for the project as reported?
5) What is the schedule performance index (SPI)?
6) Using the 50-50 Rule earned value computation, what is the cost variance for the project as reported?
7) What is the cost performance index (CPI)?
8) If the total budget for this project is 50,000, use CPI to compute estimate at complete (EAC).
9) Using the earned value information garnered from the above table, provide your boss a brief status report on project progress to date. Also, provide projections for future status.