IE5541-HW9

Task 5 ev 40x05 20 pv 20 cv ev ac 20 30 10 sv ev pv

• Notes
• 10

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Task 5: EV = (40X0.5) = 20 PV = 20 CV = EV-AC = 20 - 30 = -10, SV = EV-PV = 20-20 = 0. Task 6: EV = (60X0.5) = 30 PV = 40 CV = EV-AC = 30 - 40 = -10, SV = EV-PV = 30-40 = -10. Status Report: Ending Period 12 (\$00) Task % Complete EV AC PV CV SV 1 Finished 8 10 8 -2 0 2 Finished 40 50 40 -10 0 3 Finished 30 40 30 -10 0 4 Finished 20 40 20 -20 0 5 50% 20 30 20 -10 0 6 50% 30 40 40 -10 -10 Cumulative 148 210 158 -62 -10 Based on the above tables and the following formulas the table can be filled. 2

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HW 9 IE5411 Sunny Ahmed SPI = EV/PV CPI = EV/AC PCIB = EV/BAC Period SPI CPI PCIB 2 1 1 0.016 4 1 0.8 0.032 6 0.74 0.76 0.113 8 0.52 0.69 0.153 10 0.83 0.73 0.363 12 0.94 0.71 0.60 The following plot shows EV, AC and PV plotted on the summary graph. 3
HW 9 IE5411 Sunny Ahmed The following plot shows SPI, CPI and PCIB plotted on the index graph. EAC f = BAC / CPI = 248/0.7047 = 352 or EAC f = AC + ETC f = AC + (BAC -EV)/(EV/AC) = 210 + (248-148)/(148/210) = 210 + 142 = 352. VAC re = BAC - EAC f = 248 - 352 = -104 Therefore forecast estimate at completion of the project shows that it will be \$10400 over budget At the end of week 12 the project is (0.6/100%) 60% completed with \$6200 over budget. If the project continues to get \$0.71 worth of work for each dollar spent the project will be \$10,400 over budget. Negative variance of cost and schedule suggests that they are over cost and behind schedule with this project which is certainly not desirable. 4

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HW 9 IE5411 Sunny Ahmed Additional Estimate: Updated Baseline: Updated Information Actual Cost by Time Period Revised Cost Estimate to Complete 2 4 6 8 10 12 14 16 18 20 22 Task s DU R Tot PV 1 4 8 4 6 2 8 40 15 5 10 20 3 6 30 12 13 15 4 4 20 20 20 5 4 40 30 10 6 8 60 24 16 10 10 7 4 20 10 10 8 4 30 20 10 Total Cost 4 6 27 18 69 86 20 20 10 20 10 Cumulative Cost 4 10 37 55 124 210 230 250 260 280 290 AC 12 = 210. ETC re = 90 EAC re = 210 +90 = 310 VAC re = BAC - EAC re = 248-310 = -62. Therefore revised estimate at completion of the project shows that it will be \$6200 over budget. One thing to note is Task 6 was supposed to be followed after Task 4 but at one point they were started simultaneously.
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