Earned Value Reporting You are a manager on a time-constrained project called OKCOMPUTER and you have just received new information at the end of period 10. Your original baseline plan scheduled budget- the PV - is below in table 1. Table 1: Project OKCOMPUTER baseline budget needs 3 4 3 6 7 8 9 10 11 12 13 14 15 16 17 18 2 1 2 1 2 2 ID A B D E F PV $2 $8 $20 $6 $20 2 3 3 2 2 DUR 2 4 8 6 7 4 5 2 1 2 2 4 2 4 1 $10 At the end of period 10 you have been given this updated information: Activities A, B, have been completed Activities C, D, E is in process Activities F & G have not started A reporting sheet for the end of period 10 is presented below as figure 4. Figure 4: Project OKCOMPUTER status report end of period 10 Status Actual % EV AC PV CV completed $ Complete 100% ID SV S S S A $4 B Complete 100% $7 In progress 80% $22 D In progress 50% S6 E In progress 25% S8 F Not Started 0% SO Nor Started 0% SO S CULMULATIVE TOTALS Max Slope (per dat Max Crash Tune CRASH COST B Timolol NORMAL TIME 6 15 11 7 20 12 DIRECT COSTS NORMAL CRASH COST TIME $60 6 $14 13 7 $21 6 $50 15 11 $20 $12 $30 $60 $30 $22 Figure 2. Project EXCITE blank network plans B B TIME Activities changed Cost Total Direct Cost: A E A E TIME Activities changed Cost Total Direct Cost F F B B D TIME Activities changed Cost: Total Direct Cost TIME Activities changed Cost: Total Direct Cost A E E A E F F B D B D TIME TIME Activities changed Cost Total Direct Cost A E A E Activities changed Cost Total Direct Cost TI TI 24 25 26 27 28 29 Project Duration Total direct Costs: Total Indirect Costs: Total Project Cost: $100 $105 $110 $115 $120 $125 You are the project manager on the time-constrained / cost enhance project called EXCITE. You are asked to work out the answers to question a, b, and c below. Figure 2 (Project Excite) provides blank network plans to use working the solutions out. Only your answers will be marked. CRASH COST A DIRECT COSTS Max Slope Max Crash NORMAL NORMAL CRASH 15 per day) Time TIME COST TIME $60 6 15 $14 13 $4 7 7 $21 6 20 $50 15 12 $22 11 Figure 2: Project EXCITE blank network plans $20 $12 $30 $60 $30 B D TIME B D TIME Activities changed: A Activities changed: E E Cost: Cost: F Total Direct Cost: F Total Direct Cost: B D TIME B D TIME Activities changed: Activities changed: E E Cost: Cost: F Total Direct Cost: Total Direct Cost: B D TIME B D TIME Activities changed: Activities changed: E E Cost: Cost: Total Direct Cost: C F C Total Direct Cost: 24 25 26 27 28 29 Project Duration Total direct Costs: Total Indirect Costs Total Project Cost: $100 $105 $110 $115 $120 $125 a. What is the optimal project time? (3 marks) b. What is the optimal project cost? (3 marks) c. What is the shortest time the project could be completed in? (4 marks) Earned Value Reporting You are a manager on a time-constrained project called OKCOMPUTER and you have just received new information at the end of period 10. Your original baseline plan scheduled budget- the PV - is below in table 1. Table 1: Project OKCOMPUTER baseline budget needs 3 4 3 6 7 8 9 10 11 12 13 14 15 16 17 18 2 1 2 1 2 2 ID A B D E F PV $2 $8 $20 $6 $20 2 3 3 2 2 DUR 2 4 8 6 7 4 5 2 1 2 2 4 2 4 1 $10 At the end of period 10 you have been given this updated information: Activities A, B, have been completed Activities C, D, E is in process Activities F & G have not started A reporting sheet for the end of period 10 is presented below as figure 4. Figure 4: Project OKCOMPUTER status report end of period 10 Status Actual % EV AC PV CV completed $ Complete 100% ID SV S S S A $4 B Complete 100% $7 In progress 80% $22 D In progress 50% S6 E In progress 25% S8 F Not Started 0% SO Nor Started 0% SO S CULMULATIVE TOTALS Max Slope (per dat Max Crash Tune CRASH COST B Timolol NORMAL TIME 6 15 11 7 20 12 DIRECT COSTS NORMAL CRASH COST TIME $60 6 $14 13 7 $21 6 $50 15 11 $20 $12 $30 $60 $30 $22 Figure 2. Project EXCITE blank network plans B B TIME Activities changed Cost Total Direct Cost: A E A E TIME Activities changed Cost Total Direct Cost F F B B D TIME Activities changed Cost: Total Direct Cost TIME Activities changed Cost: Total Direct Cost A E E A E F F B D B D TIME TIME Activities changed Cost Total Direct Cost A E A E Activities changed Cost Total Direct Cost TI TI 24 25 26 27 28 29 Project Duration Total direct Costs: Total Indirect Costs: Total Project Cost: $100 $105 $110 $115 $120 $125 You are the project manager on the time-constrained / cost enhance project called EXCITE. You are asked to work out the answers to question a, b, and c below. Figure 2 (Project Excite) provides blank network plans to use working the solutions out. Only your answers will be marked. CRASH COST A DIRECT COSTS Max Slope Max Crash NORMAL NORMAL CRASH 15 per day) Time TIME COST TIME $60 6 15 $14 13 $4 7 7 $21 6 20 $50 15 12 $22 11 Figure 2: Project EXCITE blank network plans $20 $12 $30 $60 $30 B D TIME B D TIME Activities changed: A Activities changed: E E Cost: Cost: F Total Direct Cost: F Total Direct Cost: B D TIME B D TIME Activities changed: Activities changed: E E Cost: Cost: F Total Direct Cost: Total Direct Cost: B D TIME B D TIME Activities changed: Activities changed: E E Cost: Cost: Total Direct Cost: C F C Total Direct Cost: 24 25 26 27 28 29 Project Duration Total direct Costs: Total Indirect Costs Total Project Cost: $100 $105 $110 $115 $120 $125 a. What is the optimal project time? (3 marks) b. What is the optimal project cost? (3 marks) c. What is the shortest time the project could be completed in? (4 marks)