Earned value analysis, Computer Engineering

Senior management has requested a status update on the workstation installation project.  As a part of this update, managers have requested that you present an Earned Value analysis.

I have imagined three scenarios for project cost and schedule metrics that could have occurred for this project, shown in Table 3 below.  As of the end of the reporting period, according to the original schedule, you were expecting to have completed all work through Activity I.    

  1. Calculate the values indicated in Table 2 for each of the three scenarios and provide a verbal interpretation of what each answer means.  I have filled in the first answer as an example of what senior management expects.
  2. Provide a written interpretation of the results.  For each scenario: 
    1. What would be the implications for managing the project (e.g., corrective actions, if any)?
    2. What statement would need to be made to the project stakeholders?

Be sure to take into account all work completed to date in making your calculations, even if the work was not scheduled to be completed at this time (i.e., is ahead of schedule).  Use the assumption that the project can take credit for partially complete work. (Hint: for Scenario 3, take into account the partial work done on Task  J).

Use the ETC based on typical variances and the EAC using CPI methods for computing ETC and EAC (See pp. 181-187 of the PMBOK Guide and pp. 247-253 of Marchewka).  Note: there is an error in Marchewka on page 251 - ETC should be Estimate to Complete.

Some additional project notes (in response to questions posed by previous classes):

The deliverable is to fill out the matrix of earned value calculations for each of the three scenarios, given the information provided in Table 3.  I recommend that you use Excel or another spreadsheet program to do the calculations, using the standard formulas as shown in Marchewka and the PMBOK Guide. 

Each of the scenarios should give you slightly different results for most of the calculations, especially those for cost and schedule performance. 

Also, it is important that you use the ETC based on typical variances and the EAC using CPI calculations per the assignment instructions, otherwise you will arrive at different answers than I have calculated in the answer key.

I filled in the answer for the first calculation which, based on the assignment, indicated that the expected work to have been completed at this point in the hypothetical project was through Activity I.  In performing your calculations, assume that the percentages complete are correct for all activities as of the date you are preparing the table, and give credit for any work that has been partially completed, even if it is ahead of schedule.

Posted Date: 3/19/2013 3:02:04 AM | Location : United States







Related Discussions:- Earned value analysis, Assignment Help, Ask Question on Earned value analysis, Get Answer, Expert's Help, Earned value analysis Discussions

Write discussion on Earned value analysis
Your posts are moderated
Related Questions
Explain the evolution of system software with system programming. System-software is collection of system programs which perform a variety of functions, name are: file editing,

Write Hit Policies: Write through o   Update next level on every write o   Cache is always clean o   A lots of traffic to next level (mostly write) Write

Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.

The difference among the height of the left sub tree and height of the right tree, for each node, is almost one.  AVL - tree

Uninformed Search Strategies: To be able to undertake an unaware search, there is really important that the entire agent needs to know is the primary state, then the possible

In LDB what determines hierarchy of the tables? Structure

Minimize the logic function F(A, B, C, D) = ∑ m(1,3,5,8,9,11,15) + d(2,13) using NAND gate with help of K-map. Ans. Realization of given expression by using NAND gates:  In

Define Terminal symbols? Terminal symbols: These are literal strings forming the input of a formal grammar and can't be broken down in slighter units without losing literal m

Q. Speed Up - metrics for performance evaluation? Speed up is ratio of time needed to execute a given program employing a specific algorithm on a machine with single processor

To see a high-level representation of the structure of a local site, you use Dreamweaver's Site Map view. You can also use site map to add new files to the site, to add, remove and