Conduct an earned value analysis, using BCWP, ACWP, and BCWS to calculate CPI, SPI, EAC, and ETC. You will need to estimate your own values for your project for the BCWP, ACWP, and BCWS in order to come up with your CPI, SPI, EAC, and ETC. Costs can be calculated by assuming that each individual on your team works for US$35/hour.

Project control is the process of ensuring that project objectives are being met. It is the project team’s job to measure progress toward the project objectives, monitor any divergence from the plan developed in the initiation and planning phase, and take any corrective actions necessary to match progress to the plan. Controlling processes are performed at all of the other phases of the project life cycle. Once the project objectives have been met, the final phase in the project life cycle is project closure, which involves formalizing the acceptance of the project and bringing the project to an orderly end.