Description

For this assignment, provide a periodic Earned Value Status and Executive Status report required by the PMO. You may make realistic assumptions regarding project details. You are in charge of the Innovation project. Given the following project network, baseline, and status information,develop status reports for periods 1-8 and complete the performance indexes table.Calculate the forecasted EAC and the forecasted VAC. Based on your data, what is the current status of the project (use the status information from period 8)? At completion?

2 B 5 Legend 7 E 9 O 9 G O 11 ES ID O EF O 2 3 5 O O A 2 7 2 SL 9 SL 5 D 2 11 7 0 O LS DUR LF O 0 O 2 2 5 2 7 2 C 5 7 F 10 O 11 H 13 1 1 2 3 5 8 3 11 11 2 13ID Budget ($000) 2 3 4 5 6 7 8 9 10 11 12 13 A 100 50 50 B 250 100 50 100 C 450 150 150 150 D 200 E 300 F 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 2000Project: Red Octopus (#72) Project manager: Xavier Hart Project priority now: 4 Status as of: April 1 Eamed value figures: PV EV AC SV CV BAC 588,240 566,064 596,800 -22,176 -30,736 1,051,200 EAC VAC EAC CPI PCIB PCIC 1,090,640 -39,440 1,107,469 95 .538 .547 Project description: A computer-controlled conveyor belt that will move and position items on the belt with accuracy of less than one millimeter. Status summary: The project is approximately 25 days behind schedule and $30,736 over budget. Explanations: The schedule variance has moved from noncritical activities to those on the critical path. Integration first phase, scheduled to start 3/26, is now expected to start 4/19, which means it is approximately 25 days behind schedule. This delay is traced to the loss of the second design team, which made it impossible to start utilities documentation on 2/27 as planned. The cost variance to date is largely due to a design change that cost $21,000. Major changes since last report: The major change was loss of one design team to the project. Total cost of approved design changes: $21,000. Most of this amount is attributed to the improved design of the serial 1/O drivers. Projected cost at completion: EAC, is estimated to be $1, 107,469. This represents an overrun of $56,269, given a CPI of .95. Forecasted completion date: October 23. Risk watch: Five team members were stricken with flu