You are an assistant to Percival Young, president of G&L Construction. He has asked you to prepare a brief report on the status of the Shoreline Stadium project. The stadium is one of several major projects G&L has under way in North America, including a professional soccer stadium and another baseball stadium, which broke ground last month.

Shoreline stadium is a 47,000-seat professional baseball stadium. The project started on July 3, 2017, and the stadium is schedule to be completed on March 25, 2021. The project is estimated to cost $310,000,000. There is a $35 million management reserve to deal with unexpected problems and delays. The stadium must be ready for the 2021 major league season. G&L would accrue a $250,000 per day penalty for not meeting the April 3, 2021 deadline.

It is 8/8/2019 the day after the key milestone “Start Installing Seats” was to occur. Tables A and B (see next page) contain information submitted by your counterpart at the Shoreline project site.

Use the given information (including data from Table A and B) to prepare a report informing Mr. Young on the overall status of the Shoreline project in terms of costs and schedule. Mr. Young is not interested in specifics, but just how well the overall project is doing and if there is a need to take corrective action.

 

TABLE A Shoreline Project Earned Value Table as of 8/7/2019 PV EV AC CV SV -9,900,000 1,000,000 Baseball Stadium 209,000,000 200,600,000 210,500,000 -8,400,000 10,000,000 2,000,000 Clear stadium site 9,000,000 10,000,000 2,000,000 Demolish building Set up construction site Drive support piling 2,000,000 2,000,000 2,000,000 1,500,000 500,000 40,000,000 50,000,000 40,000,000 41,000,000 -1,000,000 55,000,000 18,000,000 Pour lower concrete bowl 50,000,000 -5,000,000 Pour main concourse 15,000,000 15,000,000 -3,000,000 Install playing field Construct upper steel bowl 5,000,000 5,000,000 5,000,000 60,000,000 51,600,000 55,000,000 -3,400,000 -8,400,000 Install seats 10,000,000 Build luxury boxes Install jumbotron Stadium infrastructure Construct steel canopy 25,000,000 2,000,000 22,000,000 20,000,000 Light installation Build roof supports 5,000,000 10,000,000 10,000,000 10,000,000 Construct roof 15,000,000 15,000,000 14,000,000 1,000,000 Install roof tracks 10,000,000 Install roof 5,000,000 Inspection 2,000,000 BC EACH VAC Shoreline Stadium 310,000,000 325,299,103 -15,299,103