old Star LAN Project:

You work for an IT consulting & engineering firm and is assigned to the Gold Star LAN project.

It's a small project which involved laying of LAN cables at the Corporate office of the client

firm $-$ Gold Star. The approved completion time of the project is $11$ weeks. The high level

project schedule has four work packages A$,$ B$,$ C$,$ D$.$ Baseline Project schedule along with

budgeted cost is given below:

Work

Package

c

Total

Approved WI w$2$ w$3$ w$4$ w$5$ w$6$ w$7$ w$8$ w$9$ w$10$ WII

Cost $($$$)$

$4000$

$8000$

$4000$

$3000$

$19000$

Assume that planned work progress and budgeted costs is distributed on prorate basis.

Project has started and $6$ weeks have already passed. At the end of $6$th week, your team

members have reported the work progress and actual expenditures as follows:

Work Package A: $100\%$ completed, however actual completion time is $5$ weeks instead of

$4$ weeks. Actual cost of completion is $$5000.$

Work Package B: $40\%$ work completed. Actual expenditure incurred $$5000.$

Work Package C: $20\%$ work completed. Actual expenditure incurred $$3000.$

Answer the following.

a$)$ Construct Cost Baseline of the Gold Star LAN Project.

b$)$ Employing Earn Value Management $($EVM$)$ technique to monitor and control the

project, evaluate PV$,$ EV$,$ CV$,$ SV of the project as on end of $6$th week.

c$)$ Forecast the completion time of the project and project cost at completion.