How can wil set up a scheduling variance

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Reference no: EM132362511 , Length: 2

Tree Trimming Project

Wil Fence is a large timber and Christmas tree farmer who is attending a project management class in the spring, his off season. When the class topic came to earned value, he was perplexed. Isn't he using EV?

Each summer Wil hires crews to shear fields of Christmas trees for the coming Holiday season. Shearing entails having a worker use a large machete to shear the branches of the tree into a nice, cone-shaped tree.

Wil describes his business as follows:

A. I count the number of Douglas Fir Christmas trees in the field (24,000).

B. Next, I agree on a contract lump sum for shearing with a crew boss for the whole field ($30,000).

C. When partial payment for work completed arrives (5 days later), I count or estimate the actual number sheared (6,000 trees). I take the actual as a percent of the total to be sheared, multiply the percent complete by total contract amount for the partial payment [(6,000/$30,000 = 25%), (.25 x $30,000 = $7500)].

1. Is Wil over, on, or below cost and schedule? Is Wil using earned value?

2. How can Wil set up a scheduling variance?

Task:

Read through the Tree Trimming Project case in chapter 13 of the textbook. This case refers to the earned value (EV) of the owner, Will Fence's Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in the case, is Will using EV?

Answer the corresponding question provided at the end of the case (300-500 words). Use references from the reading materials to support your response.

APA format is not required, but solid academic writing is expected.

When looking at the life of a project plan, it is useful to graph and outline the cost variance (CV), and schedule variance (SV). Determining progress, or lack of progress, provides essential information to assess a given project.

Complete exercise 2 in chapter 13 of the textbook. Given the data provided, in an excel spreadsheet, PowerPoint, or other appropriate method of delivery, determine the following:

1. Schedule Variance (SV)

2. Cost Variance (CV)

3. Schedule Performance Index (SPI) 1. Cost Performance Index (CPI)

In 250-300 words, answer the questions provided with the exercise. Reflect on the assessment of this project assessment. Should the project continue to improve?

APA format is not required, but solid academic writing is expected.

Reference no: EM132362511

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