Construct a tracking gantt chart using ms project

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Reference no: EM131135822

1. Use the following information to construct a "Tracking Gantt" chart using MS Project.

Activities Duration Preceding
A 5 days none
B 4 days A
C 3 days A
D 6 days B, C
E 4 days
F 2 days D, E

Highlight project status on day 14 using the tracking option and assuming that all tasks to date have been completed on time. Print/capture the output file.

2. Using the information in Problem 1, highlight the project's status on day 14 but assume that activity D has not yet begun. What would the new tracking Gantt chart show? Print/capture the output file.

3. Use the following table to calculate project schedule variance based on the units listed. (Figures are in thousands.)

Schedule Variance Work Units

 

A

B

C

D

E

F

Total

Planned Value

20

15

10

25

20

20

110

Earned Value

10

10

10

20

25

25

 

Schedule variance

 

 

 

 

 

 

 

4. Using the data in the table below, complete the table by calculating the cumulative planned and cumulative actual monthly budgets through the end of June. Complete the earned value column on the right. Assume the project is planned for a 12-month duration and $250,000 budget.

Activity                        Jan     Feb               Mar Apr         May Jun      Plan % C Value

Staffing                        8        7                                              15      100_______

Blueprinting                              4        6                                    10      100_______

Prototype

Development                                     2        8                           10      70 _______

Full Design                                                   3        8        10     21      67________

Construction                                                          2        30     32      25________

Transfer                                                                           10     10      0

Monthly Plan ____________________________________________________

Cumulative _______________________________________________

Monthly Actual             10      15      6        14      9       40

Cumul. Actual____________________________________________________________

5. Using the data from Problem 4, calculate the following values:

Schedule Variances

Planned Value (PV)

Earned Value (EV)
Schedule Performance Index (SPI)
Estimated Time to Completion

Cost Variances
Actual Cost of Work Performed (AC)
Earned Value (EV)
Cost Performance Index (CPI)
Estimated Cost to Completion

Verified Expert

This task deals with the construction of Gantt chart and the workings of schedule performance index along with schedule variances and cost variances. Earned value method relies on a key measure known as the earned value (also known as the “budgeted cost of worked performed” or BCWP). This measure enables one to compute performance indices for cost and schedule, which tell how well the project is doing relative to its original plans. These indices also enable one to forecast how the project will do in the future.

Reference no: EM131135822

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