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    Advance Project Planning

    Uploaded by

    ankit gangele
    This document provides data from an earned value exercise including planned value, earned value, actual costs, schedule performance index, and cost performance index for 3 different project scenarios. It asks to calculate values like estimated time and cost to completion based on the given data for each scenario. The findings from the third scenario estimate a slightly over budget completion but on time, which is evaluated as partially good and bad news due to the SPI being less than 1.

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    Advance Project Planning

    Uploaded by

    ankit gangele
    46 views3 pages
    This document provides data from an earned value exercise including planned value, earned value, actual costs, schedule performance index, and cost performance index for 3 different project scenarios. It asks to calculate values like estimated time and cost to completion based on the given data for each scenario. The findings from the third scenario estimate a slightly over budget completion but on time, which is evaluated as partially good and bad news due to the SPI being less than 1.

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    This document provides data from an earned value exercise including planned value, earned value, actual costs, schedule performance index, and cost performance index for 3 different project scenarios. It asks to calculate values like estimated time and cost to completion based on the given data for each scenario. The findings from the third scenario estimate a slightly over budget completion but on time, which is evaluated as partially good and bad news due to the SPI being less than 1.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    46 views3 pages

    Advance Project Planning

    Uploaded by

    ankit gangele
    This document provides data from an earned value exercise including planned value, earned value, actual costs, schedule performance index, and cost performance index for 3 different project scenarios. It asks to calculate values like estimated time and cost to completion based on the given data for each scenario. The findings from the third scenario estimate a slightly over budget completion but on time, which is evaluated as partially good and bad news due to the SPI being less than 1.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    MGMT8400 C8 Earned Value Exercise

    Exercise 1

    Using the following data, calculate the planned and actual monthly budgets through the end of
    June. Assume the project is planned for 12-month duration and a $250 000 budget.

    Activity Jan Feb Ma Apr May Jun Plan % Calc.


    r Complete Value*
    Staffing 8 7 15 100 15
    Blueprinting 4 6 10 100 10
    Prototype 2 8 10 70 7
    Development
    Full Design 3 8 10 21 67 14.07
    Construction 2 30 32 25 8
    Transfer 10 10 0 0
    Monthly Plan 8 11 8 11 10 50 54.07
    Cumulative 8 19 27 38 48 95
    Monthly Actual 10 15 6 14 9 40
    Cumulative Actual 10 25 31 45 54 94
    *Calc. Value = product of ‘Plan’ and ‘% Complete’ (e.g. for Staffing, 15 x 1 = 15)

    Using the data from the above table, calculate the following values:

    Schedule Variances
    Planned Value (PV) 98
    Earned Value (EV) 54.07
    Schedule Performance Index Earned value/planned
    (SPI) value = 54.07/98= 0.55
    Planned Time to Completion 12 months
    SPI= 0.55
    Duration/SPI = 12/0.55=
    21.8 months

    Cost Variances
    Actual Cost of Work Performed $94
    (AC)
    Earned Value (EV) $54
    Cost Performance Index (CPI) Earned value/planned
    value
    54/94 =0.57
    Estimated Cost to Completion 250000/0.57=
    $438596.49

    Exercise 2

    You are calculating the estimated time to completion for a project of 1-year duration and a
    budgeted cost of $500 000. Assuming the following information, calculate the Schedule
    Performance Index (SPI) and the estimated time to completion.

    Schedule Variances
    Planned Value (PV) 65
    Earned Value (EV) 58
    Schedule Performance Index EV/PV = 58/65= 0.89
    (SPI)
    Planned Time to Completion 12 months
    SPI =0.89
    Duration/SPI = 12/0.89
    =13.48 months

    Exercise 3

    Assume you have collected the following data for your project. Its budget is $75 000, and it’s
    expected to last 4 months. After 2 months, you have calculated the following information
    about the project:

    PV = $45 000

    EV = $38 500

    AC = $37 000

    Calculate SPI and CPI. Based on these values, estimate the time and budget necessary to
    complete the project. How would you evaluate these findings? Are they good news or bad
    news?
    SPI = 38500/45000= 0.85
    CPI= 38500/37000= 1.04
    Estimate cost at completion = 75000/1.04 = $72115.38
    Estimated time = 4/0.8 = 4.7 month

    It is both a good and bad news. The SPI and CPI should be greater than 1, but SPI is less than 1
    so it is a bad news considering the SPI.

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