Exercise6_4113_Answer

Exercise6_4113_Answer - Finished 8 10 8-2 4 Finished 6 8...

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Exercise #6 – Earned Value, Cost Variance, Schedule Variance ISDS 4113 (5 points) ANSWER 1. Given the following project network, baseline, and status information: a) Complete the Status Reports Ending Period 1, Period 2, Period 3 and Period 4. (Fill in the missing numbers in the 4 Status Report tables for EV, AC, PV, CV and SV.) Status Report: Ending Period 1 ($000) Task % Complete EV AC PV CV SV 1 50% 6 6 4 0 +2 2 40% 6 8 3 -2 +3 3 25% 2 3 4 -1 -2 Cumulative Totals 14 17 11 -3 +3 Status Report: Ending Period 2 ($000) Task % Complete EV AC PV CV SV 1 Finished 12 13 12 -1 0 2 80% 12 14 10 -2 +2 3 75% 6 8 8 -2 -2 Cumulative Totals 30 35 30 -5 0 Status Report: Ending Period 3 ($000) Task % Complete EV AC PV CV SV 1 Finished 12 13 12 -1 0 2 80% 12 15 15 -3 -3 3 Finished 8 10 8 -2 0 4 50% 3 4 3 -1 0 5 0% 0 0 0 0 0 6 33.3% 3 4 3 -1 0 Cumulative Totals 38 46 41 -8 -3 Status Report: Ending Period 4 ($000) Task % Complete EV AC PV CV SV 1 Finished 12 13 12 -1 0 2 Finished 15 18 15 -3 0 3
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Unformatted text preview: Finished 8 10 8-2 4 Finished 6 8 6-2 5 30% 3 3 6-3 6 66.7% 6 8 6-2 7 0% Cumulative Totals 50 60 53-10-3 b) Based on your analysis, what is your assessment of the status of the project (as of the end of Period 4)? (Write a few sentences that summarize the status.) The project is currently $10,000 over budget. There is $3,000 worth of work on critical Activity 5 that has not been completed as planned so the project is behind schedule. Since so much of the project has been completed the project is expected to come in over budget. Whether the project will be completed on schedule will depend upon whether Activity 5 can make up for lost time....
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Exercise6_4113_Answer - Finished 8 10 8-2 4 Finished 6 8...

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