PROJECT MANAGEMENT QUESTION Geoff coolly surveyed his earned value table at the
ID: 449069 • Letter: P
Question
PROJECT MANAGEMENT QUESTION
Geoff coolly surveyed his earned value table at the conclusion of month 24. It was hard to believe that two short years ago, with his membership at Match.com about to expire, he had managed to craft an ad to catch the eye of divine Miss Smylie. Now he was almost done making this critical project. Some might think him crass for taking such an approach but he practiced what he preached at the small commuter school where he taught. Calculate the Schedule Performance Index and the Cost Performance Index for this project (costs are in dollars in the table). What is the estimated time to completion for this project? How much is the estimated cost for completion of this project? Comment on Geoff’s skills as a project manager.
Activity
4
8
12
16
20
24
28
Total
% Complete
Courtship
1000
2000
3000
3000
3000
1000
1300
90%
Proposal
500
5000
0
0
5000
10500
100%
Negotiations
500
0
1000
1500
100%
Invitations
800
800
100%
Showers
400
800
800
2000
100%
Musicians
400
1000
1400
20%
Caterers
200
2000
5000
7200
30%
Rehearsal
400
4000
4400
10%
Party
1000
2000
3000
20%
Ceremony
500
500
500
500
3500
5500
20%
Reception
1000
1000
6000
8000
30%
Honeymoon
2000
4000
6000
40%
Total
1000
3000
10700
5900
9700
7500
25500
63300
Cumulative
1000
4000
14700
20600
30300
37800
63300
Actual
2500
5100
12700
6400
10600
9000
0
Cumulative Actual
2500
7600
20300
26700
37300
46300
Activity
4
8
12
16
20
24
28
Total
% Complete
Courtship
1000
2000
3000
3000
3000
1000
1300
90%
Proposal
500
5000
0
0
5000
10500
100%
Negotiations
500
0
1000
1500
100%
Invitations
800
800
100%
Showers
400
800
800
2000
100%
Musicians
400
1000
1400
20%
Caterers
200
2000
5000
7200
30%
Rehearsal
400
4000
4400
10%
Party
1000
2000
3000
20%
Ceremony
500
500
500
500
3500
5500
20%
Reception
1000
1000
6000
8000
30%
Honeymoon
2000
4000
6000
40%
Total
1000
3000
10700
5900
9700
7500
25500
63300
Cumulative
1000
4000
14700
20600
30300
37800
63300
Actual
2500
5100
12700
6400
10600
9000
0
Cumulative Actual
2500
7600
20300
26700
37300
46300
Explanation / Answer
Activity
4
8
12
16
20
24
28
Total
% Complete
Earned Value
Schedule Performance Index (SPI) = EV / PV
Courtship
1000
2000
3000
3000
3000
1000
1300
90%
1170
0.90
Proposal
500
5000
0
0
5000
10500
100%
10500
1.00
Negotiations
500
0
1000
1500
100%
1500
1.00
Invitations
800
800
100%
800
1.00
Showers
400
800
800
2000
100%
2000
1.00
Musicians
400
1000
1400
20%
280
0.20
Caterers
200
2000
5000
7200
30%
2160
0.30
Rehearsal
400
4000
4400
10%
440
0.10
Party
1000
2000
3000
20%
600
0.20
Ceremony
500
500
500
500
3500
5500
20%
1100
0.20
Reception
1000
1000
6000
8000
30%
2400
0.30
Honeymoon
2000
4000
6000
40%
2400
0.40
Total
1000
3000
10700
5900
9700
7500
25500
63300
25350
0.40
Cumulative
1000
4000
14700
20600
30300
37800
63300
Actual
2500
5100
12700
6400
10600
9000
0
Cumulative Actual
2500
7600
20300
26700
37300
46300
Cost Performance Index (Budgeted Cost / Actual Value)
0.40
0.59
0.84
0.92
0.92
0.83
Total time for the completion of the project is 28 months.
Estimated Cost for the completion of the project is 63300.
As a project manager, Geoff’s skills are not very good. Though, he has planned the program efficiently from the courtship to the final marriage and reception. He has also made sure that the people get enough time from starting the courtship to the final marriage. The actual spending is far from the budgeted, as a project manager, he will have to align the costs with the actual spending that are incurred.
Activity
4
8
12
16
20
24
28
Total
% Complete
Earned Value
Schedule Performance Index (SPI) = EV / PV
Courtship
1000
2000
3000
3000
3000
1000
1300
90%
1170
0.90
Proposal
500
5000
0
0
5000
10500
100%
10500
1.00
Negotiations
500
0
1000
1500
100%
1500
1.00
Invitations
800
800
100%
800
1.00
Showers
400
800
800
2000
100%
2000
1.00
Musicians
400
1000
1400
20%
280
0.20
Caterers
200
2000
5000
7200
30%
2160
0.30
Rehearsal
400
4000
4400
10%
440
0.10
Party
1000
2000
3000
20%
600
0.20
Ceremony
500
500
500
500
3500
5500
20%
1100
0.20
Reception
1000
1000
6000
8000
30%
2400
0.30
Honeymoon
2000
4000
6000
40%
2400
0.40
Total
1000
3000
10700
5900
9700
7500
25500
63300
25350
0.40
Cumulative
1000
4000
14700
20600
30300
37800
63300
Actual
2500
5100
12700
6400
10600
9000
0
Cumulative Actual
2500
7600
20300
26700
37300
46300
Cost Performance Index (Budgeted Cost / Actual Value)
0.40
0.59
0.84
0.92
0.92
0.83
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