A report on the project status

Assignment Help Operation Management
Reference no: EM132174207

Overview: Project XYZ is a one-year project within your organization. When this project began 9 months ago (May 2015), another person was the project manager.

After six months, as the project fell behind schedule and ran over budget, it was apparent that this project manager was unable to lead the project to a successful completion.

You replaced this project manager after the six month point of the project. Since then, for the past three months, you have completed tasks on or slightly below budget, and increased efficiency of the work completed.

Now, your manager would like a report on the project status. He is especially interested in how actual cost and earned value are tracking planned value, and how the estimated cost at completion and the estimated time of completion have changed since you took over as project manager.

All data on monthly planned value, monthly actual cost, and task completion are included for the life of the project in the spreadsheet provided.

The Task: Complete an earned value analysis for the data provided. Your calculations should include:

PV, Cumulative PV, AC, Cumulative AC, EV, and Cumulative EV for each month of the project. These have been started in the Excel file provided.

CV, CPI, SV, and SPI for the first six months of the project (the point up to where you took over the project) and the last nine months of the project (through April 2014).

Budget at completion (BAC), budget estimate at completion (EAC) and the budget variance at complete (VAC) given the data for the first six months of the project and after the first nine months of the project.

Estimated revised project duration given the data for the first six months of the project and after the first nine months of the project.

Write a short but detailed report explaining your earned value analysis of this project. The report should include a graph that illustrates how actual cost (AC) and earned value (EV) track to planned value (PV) (the first set of required calculations), and an explanation of the interpretation of the graph.

It should also include the other calculated results with an explanation of the importance of the values with respect to the improvement in the project since you have taken over the project manager role.

You report should be written such that the person reading it does not need to understand earned value analysis (meaning, do not use terminology and acronyms unless you explain them).

Reference no: EM132174207

Questions Cloud

Explain how to verify the feasibility of start-up idea : Explain how to verify the feasibility of a start-up idea in short sentence.
Electronic timekeeping system : Employees are not excited about the change to a new system, so which training method would be best suited for this training?
Does your organization have wage gap problem : Does your organization have a wage gap problem? What can we do as a society to change this?
Why you think babu and hari should conduct market research : Explain why you think Babu and Hari should conduct market research before starting their business. What could they find out by researching their Market
A report on the project status : How the estimated cost at completion and the estimated time of completion have changed since you took over as project manager.
Pregnant workers fairness act : Supporters of the Pregnancy Workplace Fairness Act say that it is a necessary law that will help employees.
Prepare memo to the executive team of the organization : Prepare a memo to the executive team of the organization, discuss current industry trends, future opportunities, and existing competitive advantages.
Evaluate the quality of practice in your specific setting : Identify your specialty area of professional practice (Use Family Nurse Practitioner). Select a nursing theory from the list of specialty track specific.
What is the standard deviation of these returns : Question - You have obtained the following data on the returns on MBI stock. What is the standard deviation of these returns

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd