m 48260 In Class Exercises First Name: Student No. Earned Value 1. PV (BCWS), EV (BCWP) and AC (ACWP) have been plotted for 4 projects as follows. Comment on whether each project is on, ahead or behind schedule and whether each project is on, over or under budget.© vrxee be complahen = weet Cavme leet’ 48260 In Class Exercises o 2. A project has a planned duration of 1000 days. The project manager finds after 400 days that the work performed should have taken 350 days. Determine the SPI. PVR 4OO Ev xX x50 SPL = ase KOO OS DS If there is no significant change in performance, what would =~ the estimated project time slip be? SFI = 6SO_ _ &sSo $e\ ol e5s = 742.8 Fefe —efecas* completion > DO2P teoC => LUuH2Z-Y hon oc e220 = (G00 SsPf\ eo 38NS SNAG48260 In Class Exercises First Name: Last Name: Student No. 3. Consider the following data for a project, measured through the project control system at weeks 20 and 22. What conclusions can you draw regarding the projects performance at week 22 compared with week 20. Justify your answer using variance analysis, project performance indices and calculating the complete and forecast tota relevant estimate cost to cost to completion. The project budget baseline cost at completion is $990 000 (question adapted from Nicholas). Week 20 Week 22 Pv (BCWS) | $512 000 BCWS 628 000_| AC (ACWP) 530 000 __ “ACWP 640 000 EV (BCWP) 429 000 BCWP 590 000 _| CU F —\CO\ODOD -— 8300 O o. S)\ o-3y bwABODN D ous cells se\ = ~ eyo = POAC =F \AZBZODD CVU Ss -SOSOD SU = cP\ = -~% 800D o-Ve o- VY KOD FUP LOD Ss PIF sey = ev c= FAS = Wee preseA vs pafholmrrns, toschliy ~ Lo®2 ond OWMewsevel an Wetk 22 eve lan ck ask . Whore os Lm eCeva mss} “m™48260 In Class Exercises First Name: Student No. You are evaluating the following project at the end of the 11 week of work. PROJECT SUMMARY FOR END-OF-WEEK 11, 2005 Activity |Predecessors| Normal | Budget | Precent Money Duration for Complete | Expended (weeks) | Activity on | () | Activity to Date | | 3 | 79K | 100 | 85k_| | 8 | 100. | 95K _| 4 | 5 | ] tL 110K 0 | Total __ 784K On the basis of the available project data, provide answers for the following questions: 1. Is the project ahead or behind schedule? Is the project under or over budget? 2. How much do you estimate it will cost to complete the project at this stage. (adapted for Olusegun Faniran ~ Engineering Project Management ~ An introductory text p58) Draws OQ Rot owsk droga ay VS Geek ereyoet ce = Acs,48260 In Class Exercises Dracs Awe, Xs ont eno anch moatk +e sheds Keto ab KK \) HAc = RIB ENF DA HAST FIO 4 YOKO 7S tBSx AS KO-DR + COKO. GF = SS62A\u Docs BSBDK PO INH AT * Se ter CES + \SS ¥S_ $66 = HASraV.IIK SP\ = ea = S62-\ = OTB 4] Py ST\.> Behrend schlock Lo ch ts TY =| SlaA- = OV64/ aa 330 oe ands or evc = DSH —-HE62A-\ = $AZBNIBN- oO AS FOc = D3\.97B +3530 = BB\B-D% Ie™ 48260 In Class Exercises Glossary of terms based on Gray and Larson third edition (second edition) e PV (BCWS) — Budgeted Cost of Work Scheduled e EV (BCWP) — Budgeted Cost of Work Performed e AC (ACWP) — Actual Cost of Work Performed e SV - Schedule Variance = EV-PV or BCWP-BCWS ¢ CV - Cost Variance = EV-AC or BCWP-ACWP “ ¢ SPI — Schedule Performance Index =EV or BCWP Pv = BCWS e CPI — Cost Performance Index = EV or BCWP AC ACWP BAC — Budget Baseline Cost at Completion e EAC - Estimated costs at completion includes costs to date plus revised costs for work remaining « ETC — Estimated Cost to Complete = Work remaining CPI = (BAC-EV) EV/AC e FAC - Forecast Total Costs at Completion = AC+ETC e VAC — Variance at Completion = BAC-FAC or BAC-EAC