Question
You are the Project Manager in charge of a project to build a 500 Megawatts renewable energy power plant. The project is divided into ten
You are the Project Manager in charge of a project to build a 500 Megawatts renewable energy power plant. The project is divided into ten millstones or work packages and is expected to cost a total of 30 billion USD. Each millstones or work packages is expected to cost 3 billion USD and to be completed in one month. In the first month, one millstone was completed at a cost of 3 billion USD. In the second month, the second millstone was completed at a cost of 2.4 billion USD. Only half of the third millstone has been completed so far at a cost of 4 billion USD. Because of the poor performance of the contractor and delays for payment, the fifth and sixth millstones have been skipped. The seventh millstone is now 75% complete at a cost of 1.8 billion USD. This is the end of month four (milestone four) and you are preparing a progress report to the steering committee and Management. Using the information above, provide the following information: 1. How much estimated value of work should have been completed by now? PV 2. How much value (work) has actually been completed? EV 3. How much have you actually spent so far? AC 4. What is the percentage of work done 5. Is your project over or under budget? 6. How are you doing on your schedules 7. How much value are you getting for the effort in this project? 8. Based on your performance so far, how much will the project cost to build in the end? 9. How much more money will you need in order to complete the work? 10. Will you be over or under budget at the end of the project and by how much? 11. What is the forecasted duration of the project
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