Individual assignment #2

The Managerial Process 8e, page 515 question #8 (Parts A & B)

Based on the project network and its data table on pages 516 to 518

Part A: Calculate the BAC, EV, AC, PV, CV, SV, EAC, ETC, and TCPI at the end of period 8.

Part B: Calculate the BAC, EV, AC, PV, CV, SV, EAC, ETC, and TCPI at the end of period 14.

8. Part A.* You are in charge of the Aurora project. Given the following project network, baseline, and status information, develop status reports for periods 18 and complete the performance indexes table. Calculate the EACf and VACf. Based on your data, what is the current status of the project? At completion? Budget ID ($000) 5 6 7 8 9 10 11 12 13 A 100 50 50 250 100 50 100 C 450 150 150 150 200 100 100 300 200 100 300 100 50 150 G 200 150 50 H 200 100 100 Total 2000 50 50 250 200 250 |100 100 300 150 300 50 100 100 Cumulative 50 100 350 550 800 900 1000 1300 1450 1750 1800 1900 2000 Status Report: Ending Perlod 1 ($000) Task % Complete EV AC PV SV A 25% 50 1 12 Cumulative Totals 50 Status Report: Ending Period 2 ($000) Task Complete EV AC PV SV A 50% - 100 112 Cumulative Totals Status Report: Ending Period 3 ($000) Task % Complete EV AC A 100% 200 B 0% 11112 1III2 11112 0% Cumulative Totals Status Report: Ending Period 4 ($000) Task %% Complete EV AC A 100% 60% 100 11 112 11112 11112 50% 200 Cumulative Totals 500Status Report: Ending Period 5 ($000) Task % Complete EV AC A 100% 200 B 100% 200 111 12 11112 100% 400 Cumulative Totals 800 Status Report: Ending Period 6 ($000) Task % Complete AC A 100% 200 B 100% 200 111112 11 1112 100% 400 on 75% 100 Cumulative Totals 900 Status Report: Ending Period 7 ($000) Task % Complete EV AC A 100% 200 B 100% 200 C 100% 400 11111112 IIIIII12 IIIIII12 100% IIIIII1 150 20% 100 5% 50 Cumulative Totals 1100 Status Report: Ending Perlod 8 ($000) Task % Complete EV AC A 100% - 200 B 100% 200 100% 400 IIIIII12 11 1 1 1112 1IIIIII2 100% Tmon 150 100% 35 10% 100 Cumulative Totals 1400 Performance Indexes Summary Period WN - IIIIIII18 111111118 1IIIIII12 IIIIIII12 IIIIIII12 IIIIIIII EAC = VAC=Part B. You have met with your Aurora project team and theyr have provided you with the following revised estimates for the remainder of the project: 0 Activity F will be completed at the end of period 12 at a total cost of $500. 0 Activity G will be completed at the end of period 10 at a total cost of $150. 0 Activity H will be completed at the end of period 14 at a total cost of $200. Calculate the EAEZre and VACre. Based on the revised estimates, what is the expected status of the project in terms of cost and schedule? Between the VAC]: and the VACre. which one would you have the greatest condence in? EACre = VACre = References Abramovici, A., "Controlling Scope Creep," PM Network, January 2000, pp. 44-48. Anbari, F. T., "Earned Value Project Management Method and Extensions," Project Management Journal, vol. 34, no. 4 (December 2003), pp. 12-22. Bowles, M. "Keeping Score," PM Network, May 2011, pp. 50-59. Brandon, D. M., Jr., "Implementing Earned Value Easily and Effectively," Project Management Journal, vol. 29, no. 3 (June 1998), pp. 11-17. Christensen, D. S., "The Cost and Benefits of the Earned Value Management Process," Acquisition Review Quarterly, vol. 5 (1998), pp. 373-86.Christensen, D. S., and S. Heise, "Cost Performance Index Stability," National Contract Management Association Journal, vol. 25 (1993), pp. 7-15. Fleming, Q., and Joel M. Koppelman, Earned Value Project Management, 4th ed. (Newton Square, PA: Project Management Institute, 2010). Kerzner, H., "Strategic Planning for a Project Office," Project Management Journal, vol. 34, no. 2 (June 2003), pp. 13-25. Kim, E. H., W. G. Wells, and M. R. Duffey, "A Model for Effective Implementation of Earned Value Methodology," International Journal of Project Management, vol. 21, no. 5 (2003), pp. 375-82. Naeni, L., S. Shadrokh, and A. Salehipour, "A Fuzzy Approach to the Earned Value Management," International Journal of Project Management, vol. 9, no. 6 (2011), pp. 764-72. Webb, A., Using Earned Value: A Project Manager's Guide (Aldershot, UK: Gower, 2003)