Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BUSM 3077 Construction Project Management Individual report assessment outline Weighting: 40% Due dates: week 10, Friday, 10 May, 11:59pm. The tasks description will guide you

BUSM 3077 Construction Project Management Individual report assessment outline Weighting: 40% Due dates: week 10, Friday, 10 May, 11:59pm. The tasks description will guide you on how to successfully write the report. A detailed rubric is given in the table below. Your mark for the individual report will be awarded based on this rubric. Project: Construction of a new office building in Parramatta Scope: Construction of a 10-story office building with a total floor area of 20,000 square meters Schedule: The project is expected to take 18 months to complete, with a planned start date of January 1st 2024 and a planned end date of June 30th 2025. Budget: The total budget for the project is $60 million. Assumptions: The project will be divided into 6 phases, each taking 3 months to complete. Tasks 1: The project manager will use earned value management (EVM) to track the project's progress. Question 1.1: Use EVM to track the project's progress and calculate the following metrics (table 1): ? Planned value (PV) ? Earned value (EV) - calculate based on the % completion ? Actual cost (AC) - make reasonable assumption of the actual cost yourself ? Schedule variance (SV) ? Cost variance (CV) ? Schedule performance index (SPI) ? Cost performance index (CPI) Question 1.2: Analyse the EVM data to identify any schedule or cost variances, and recommend corrective actions if necessary.

image text in transcribed
Table 1: EVM analysis Variance Performance Index WBS Element March June Sep Dec March Jun Budget % Earned Actual Schedule Cost CV Schedule Cost (PV) completion Value Cost SV SPI CPI (EV) (AC) 2,300,000 100% 3,500,000 1. Initiation 2. Planning 4,650,000 85% 3. Design 2,700,000 80% 4. building 49,000,000 75% construction 5. testing and 1,260,000 80% commissioning 85% 6. occupancy 90,000 and maintenance Totals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Everything Stress Management Book

Authors: Eve Adamson

1st Edition

9781580625784

More Books

Students also viewed these General Management questions