PM592 Week 5 Assignment Problems

Problems 5-1 through 5-2 (Graded)

5-1 Earned Value Calculation

Your project has four activities. Below is the current status of each activity.

Activity A was to have cost $150,000 when complete. Its costs so far are $45,000. It is 35% complete.  The activity has completed 5 weeks of a planned 15-week schedule.

PV=5/15×150000=50000

AC=45000

EV=35×150000=52500

Activity B is at the end of week 2 of a planned 4-week effort. It is 45% complete. It was to cost $100,000 when finished. Its costs to date are $50,000.

PV=50000

EV=45000

AC=50000

Activity C is finished. It finished 2 weeks late. It cost $100,000. And it was planned to have cost $110,000.

PV = $110,000 EV = $110,000.  AC = $100,000

Activity D is beginning its fourth of a planned 6-week schedule. It has cost $200,000 so far. It was estimated to cost $450,000 when finished. It is approximately 55% complete.

PV = 3/6 X $450,000 = $225,000EV = 55% X $450,000 = $247, 500AC = $200,000

Using these data, calculate the following.

1. What are the PV, EV, and AC for the project?

PV = 50,000 + 50,000 + 110,000 + 225,000 = 435,000

EV = 52,500 + 45,000 + 110,000 + 247,500 = 455,000

AC = 45,000 + 50,000 + 100,000 + 200,000 = 395,000

2. What are the SV, CV, SPI, and CPI for the project?

CV=EV-AC=455000-395000=60,000

SV = Earned Value (EV) – Planned Value (PV)

455000- 435000= -$20,000

SPI = (Earned Value) / (Planned Value)

455000/43500 = 1.04

CPI = Earned Value (EV) / Actual Cost (AC) 455000/395000= 1.1519

3. Assess the project performance to date. Project is under budget Do you get to have the celebration? Yes

5-2 Earned Value Calculation

Your project has four activities. Below is the current status of each activity.

Activity A was to have cost $250,000 when complete. Its costs so far are $165,000. It is 50% complete.  The activity has completed 7 weeks of a planned 15-week schedule.

PV=7/15×250000=116,666

AC=165000

EV=50×125000=125000

Activity B is at the end of week 2 of a planned 4-week effort. It is 65% complete. It was to cost $190,000 when finished. Its costs to date are $150,000.

PV =2/4×190000=95000

AV=150000

EV=65×190000=123500

Activity C is finished. It finished 2 weeks late. It cost $200,000 and it was planned to have cost $250,000.

PV=250000

EV=250000

AC=200000

Activity D is at the end of its fourth of a planned 6-week schedule. It has cost $350,000 so far. It was estimated to cost $500,000 when finished. It is approximately 55% complete.

PV 4/6×500000=333,333

EV=275000

AC=350000

Using these data, calculate the following.

1. Calculate the CV, SV, CPI, and SPI for each activity and the total project.

SV=EV-PV+774000-794999=-20999

CV=EV-AC=774000-865000=91000

CPI=EV/AC=774000/865000=.89

SPI=EV/PV=774000/794999=.97

2. What is your assessment of the project at this time? Project is RED

Project is over budget