Suppose the project has been going on for five weeks. The project team meets to evaluate the progress

of the project at the end of week 5. The progress report shows the project has consumed a total of

$73,012. Furthermore, activity A is fully completed, activity B is 50% complete, and activity C is

75% complete. Activities D and E have not started.

What is the value of the schedule variance at the end of week 5 (in dollars)?

Use at least 4 decimals.

estions on earned value management related to "Earned Value Management Example 1 D Question 7 10 pts Review the budgeted cost of project GA504 (Example 1). Suppose the project has been going on for five weeks. The project team meets to evaluate the progress of the project at the end of week 5. The progress report shows the project has consumed a total of $73,012. Furthermore, activity A is fully completed, activity B is 50% complete, and activity Cis 75% complete. Activities D and E have not started. What is the value of the schedule variance at the end of week 5 (in dollars)? Use at least 4 decimals. MacBook DOO DOO F4 F5 go F7 > FB ES $ % & 4 5 6 7 PW. Sutanto Evaluating Project Using Emned Valve Management Evaluating Project Performance at the end of Week 5 Suppose project GAS04 has been progression for wees and the project team meets to the progress of the project. The project progress report shows the following summary 11! The progress has spent a total of 560,000 at the end of weeks 121 Activity Awas fully completed 1 Activity is 60% completed 14 Activity Ca 20% completed 151 Activity has not started 16) Activity has not started The project team would like to know if the projects within schedule and within budget Solution Following the concept of earned me the project manche value of the cont performance Index and the value of the schedule IV) However, the project must first calculate the lot of the cutive and CV) Following the progress report the CEV can be acted as follows: Activity A Cumulative Pecent Complete (1000) 100 30 & 16 20 52 38 0 48 154 Cumulative med Va 1000 30 64 304 0 0 168 D The project med value, CEV $46.800 The project Cumulative actual cost(CA$60,000 Then the project CCV/CAC 46,800/60,000 -0.78 Furthermore, the project CV CEV-CAC 66000 60000 --$13.00 Values of that are less than 10 rifies the project is over budgeting the project has earned only 70 cents for every spent of Pusless than the cheative Roughly speaking the project and only 600 but it has spent 560.000 Thus, the project not doing well in terms of cost at the end of weeks Corrective action should be implemented In order to evaluate the project performance with respect schedule, the project calculate the value of the schedule performance and the value of the schedule variante MacBook DO od 12 DI FE 10 9 FS & * A 6 7 8 0) O 2012 P.W. Sutanto Evaluating Project Using Earned Value Management The project plan shows that the cumulative budgeted (CBC) cost at the week 5 should be $72,000. Then, the project SPICEV/CBC 46,800/72,000 0.65 and the schedule variance SVCEV.CBC = 46,800 - 72.000 = $25,200 A value of SP that is is less than 10 indicates the project is behind schedule. of SP is less than 10 then SV has a negative value A negative value of SV also indicates the project is behind schedule Thus, the project is behind schedule at the end of week 5. Estimating the Project Cost at Completion at the end of Week 5 What is the impact of project performance at the end of week 5 on cost? According to the project plan, the project total budgeted cost is $164.000 However, at the end of week 5. CPI = 0.78 and CV. $13,200 for the moment, assume that the project team will put actions to improve the project performance such that CPI 1.0 from week 6 until the project completion of it is the case, then the project forecasted costat completion (FCA) can be estimated as follows: FCAC = Original TBC-CV - 164,000 (-13,200) = $177,200. On the other hand, if no improvement can be done then the project would continue at CPL 0.78. In this situation, the estimated project cost at completion will be as follows: FCAC Original TBC/CP 164,000/0.78 $210,256.41 Thus, based on the project performance at the end of week S, the project cost at completion is estimated to be between $177,200 and $210,256.41 Estimating the Project Completion Time at the end of Week 5 Following the project plan, the project completion time should be 10 weeks However, SP 0.6389 at the end of week 5 The actual project completion time can be (10 weeks)/0,65 = 15.3846 weeks Thus, if no improvement can be done, the project would be 5 to 6 weeks late. MacBook od Dll DD FG SA