Objective:

This assignment is intended to help you practice earned value management techniques and analysis with

a view of developing this skill. It is an individual assignment.

Description

A certain activity was planned to be completed in 10 weeks, with a budget of $300,000, phased over the

10 weeks ($30,000 per week), with 20% of the work to be completed each week. At the end of the first

week, the activity was 18% completed. The following is additional information related to this activity:

Planned value (PV): $30,000 (each week)

Actual cost (AC): $25,000 (at the end of the first week)

Budget at Completion (BAC) $300,000 (for the whole activity)

Original (approved) Time Estimate(OTE): 10 weeks (for the whole activity)

Required--Compute and answer the following (show all your calculations):

a) Earned value (EV):

b) i) Cost variance (CV):

ii) Schedule variance (SV):

iii) Cost performance index (CPI):

iv) Schedule performance index (SPI):

c) Estimate at completion (EAC):

d) Estimate to complete (ETC)

e) Estimated time to complete (ETTC):

f) How is the project progressing (be specific, indicating the underlined keyword):

i) Is it ahead of schedule or behind schedule? Why do you think so?

ii) Is it under budget or over budget? Why do you think so?

Notes:

You must show all your work that supports the answer

identify the answer for each question with its letter code (eg. (a) or( ii)).

The assignment must be submitted by uploading it to Blackboard through the link

Submitting Homework to the Assignment No 3 folder.

Upload a Word or PDF format of your solution to Blackboard by midnight Thursday April 22th,

2021.

Project Management (0303370): Spring 2020/2021 Assignment No 3: Earned Value Analysis Due on Thursday April 22, 2021 (assigned 12/04/2021) (40 points) Objective: This assignment is intended to help you practice earned value management techniques and analysis with a view of developing this skill. It is an individual assignment, and NO collaboration, or assistance of any kind will be accepted. Description A certain activity was planned to be completed in 10 weeks, with a budget of $300,000. phased over the 10 weeks ($30.000 per week), with 20% of the work to be completed each week. At the end of the first week, the activity was 18% completed. The following is additional information related to this activity: Planned value (PV): $30,000 (each week) Actual cost (AC): $25,000 (at the end of the first week) Budget at Completion (BAC) $300.000 (for the whole activity) Original (approved) Time Estimate(OTE): 10 weeks (for the whole activity) Required--Compute and answer the following (show all your calculations: a) Earned value (EV): b) i) Cost variance (CV): ii) Schedule variance (SV): iii) Cost performance index (CPI): iv) Schedule performance index (SPI): c) Estimate at completion (EAC): d) Estimate to complete (ETC) e) Estimated time to complete (ETTC): f) How is the project progressing (be specific, indicating the underlined keyword): i) Is it ahead of schedule or behind schedule? Why do you think so? ii) Is it under budget or over budget? Why do you think so? Notes: You must show all your work that supports the answer Identify the answer for each question with its letter code (eg. (a) or(ii)). The assignment must be submitted by uploading it to Blackboard through the link "Submitting Homework to the "Assignment No 3" folder. Upload a Word or PDF format of your solution to Blackboard by midnight Thursday April 22th, 2021