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.

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) 1. Initiation 2,300,000 100% 3,500,000 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 6. occupancy 90,000 85% and maintenance Totals