Project Performance Measure Question 1: Project Performance Measure: (Earned Val
ID: 371763 • Letter: P
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Project Performance Measure
Question 1: Project Performance Measure: (Earned Value) (6 points) Given the project network and baseline information bclow, complete the Table 3 & Table 4 Questiona: Project status (SV, CV, CPI, SPI) at the end of period 4 and the end of period 8. (5 pts) Table. Network LEGEND ES ID EF SL LF SL 8 D 12 LS 2 8 8 8 4 12 12 F 15 12 3 15 7 E 10 4 59 9 3 12 Table 2. Planned value Project baseine (PV) lin $) ask DUR ES 2 | 0 2 | 0 | 400 2001 200 B6 22400 C 5 292 1500 D 4 8 12 01600 2 900 200 | 000 | 200 | 600 | 200 | 200 400 500 100 300 300 400 200 F 3 12 200 100 300 Period PV Sotal 200 200 400 700 700 500 900 800 600 400 400 200 100 300 Cumulative PV scal 200 400 800 18002 700 4600 5400Explanation / Answer
1.(a)
End of week 4
End of week 8
1.(b)
From the final indices, it is very clear that for the entire project, at the end of week 8, EV > AC indicating a good cost performance (actual cost is lesser than EV) and EV > PV indicating a good schedule performance (faster achievement than the planned value). So, the project is 'underbudget' and 'ahead of the schedule'.
Task Budget Actual %Complete EV
(Budget * % complete) AC PV CV
(EV - AC) SV
(EV - PV) CPI
(EV/AC) SPI
(EV/PV) A 400 100% 400 300 400 100 0 133.33% 100.00% B 2400 50% 1200 1000 800 200 400 120.00% 150.00% C 1500 33% 495 500 600 -5 -105 99.00% 82.50% D 1600 0% 0 0 0 0 0 - - E 900 0% 0 0 0 0 0 - - Cumulative totals 2095 1800 1800 295 295 116.39% 116.39%
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