Question 3 (25 marks)

A project set to last seven months contains eight major tasks with costs and timings shown below.

Task	Earliest start [week number]	Duration in weeks	Cost
1	0	8	10,000
2	2	16	12,000
3	8	10	2,500
4	8	6	6,000
5	10	12	6,000
6	14	6	9,000
7	18	8	2,000
8	20	8	3,000

Table 1

Assume an even spend rate in each task.

At the end of month 3 the position of the project in terms of assessed and actual expenditure is shown in Table 2 below:

Task No	ACWP	% Complete
1	9,500	100
2	9,800	45
3	1,200	10
4	1,700	15
5	2,100	20
TOTAL	24,300	49

Table 2

Using Earned value techniques:

1. Using the information provided in Table 1 prepare a master programme for the project and then indicate its progress to date using the information provided in Table 2. [7 marks]
2. Calculate the project performance to date. Discuss the likely outcome for the project at completion if performance remains unchanged [12 marks]
3. Indicate graphically the earned value, budget and actual cost figures week by week. On the same graph demonstrate the SV and CV figures. [6 marks]