Subject: Project Management

Course: MBA 616

This week's breakout problem is related to Earned Value Analysis (EVA) that is discussed in the Cost Management chapter. You have to calculate various variables, like EV, PV, AC, BAC, EAC, ETC, SV, CV, SPI, and CPI. You will use different formulas that are discussed in the Cost Management chapter to calculate the values.

"You are managing a project to build a product. It has 7 activities each with Finish-to-Start relationship. Table (A) is project baseline information showing the planned schedule and budgeted cost of each activity. Product Release 1.0 row is a summary activity that reflects the contents below it. The project is currently in the middle of the execution phase and the date is June 20th. The information in the Table (B) provides the schedule and cost information to date. Using this data, answer the questions below: 1. What measurement is used to determine project's schedule status (whether on schedule or behind and by how much)? 2. What measurement is used to determine the rate of the project's progress according to the plan and what is the value? 3. Based on these measurements, is the project on schedule, behind schedule or ahead of schedule? 4. At what percentage rate is the project progressing compared to the planned Baseline rate of progression? 5. What measurement is used to determine project's cost status (whether on budget or over or under budget and by how much)? 6. What measurement is used to determine the project's spending efficiency and what is the value? 7. Based on these measurements, is the project on budget, over budget or under budget? 8. Currently, how much is the project earning (worth of work performance) for each dollar spent? 9. Based on the current status and performance of the project, how much do you estimate the project will cost at completion? On what measurement do you base this estimate? 10. How much money will have to spent from this point forward to complete the project? What calculations have you made to get this estimate? 11. Will the project be over budget, under budget, or right on target at completion? What information you have to support this estimate?" TABLE 1: Activity Name % Complete Baseline Duration (Days) Baseline Start Baseline Finish Baseline Cost BASELINE Product Release 1.0 0.00% 240 1/6/19 12/5/19 $295,000.00 Requirements 0.00% 30 1/6/19 2/14/19 $30,000.00 Design 0.00% 60 2/17/19 5/9/19 $70,000.00 Proof of Concept 0.00% 30 5/12/19 6/20/19 $45,000.00 Build Product 0.00% 45 6/23/19 8/22/19 $60,000.00 Test Product 0.00% 45 8/25/19 10/24/19 $60,000.00 Deploy Product 0.00% 30 10/27/19 12/5/19 $30,000.00 Product Release Complete 0.00% 0 12/5/19 12/5/19 $0.00 TABLE 2: Activity Name % Complete Actual (Days) Actual Start Actual Finish Actual Cost ACTUAL Product Release 1.0 47.63% 122 1/6/19 NA $147,000.00 Requirements 100.00% 35 1/6/19 2/21/09 $32,000.00 Design 100.00% 60 2/24/19 5/6/19 $70,000.00 Proof of Concept 90.00% 27 5/19/19 NA $45,000.00 Build Product 0.00% 0 NA NA $0.00 Test Product 0.00% 0 NA NA $0.00 Deploy Product 0.00% 0 NA NA $0.00 Product Release Complete 0.00% 0 NA NA $0.00

I need a step-by-step instructions and answers to the questions please. Thanks!