Exam 13: Project Evaluation and Control

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Use the earned value table to determine the cost performance index given the indicated state of the project. Activity 5 10 15 20 25 30 35 Plan \% Complete A 850 350 1,200 100\% B 400 125 525 100\% C 1,275 650 1,925 100\% D 2800 4,500 350 7,650 95\% E 680 400 1,080 75\% F 125 875 1,000 80\% G 300 1200 1,500 45\% Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880 Monthly Act 900 650 1,350 3,875 4,780 850 2,000

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Earned value management is also known as:

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The classic project S-curve is a plot of:

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Duration (weeks) 5 10 15 20 25 \% Conceptual desiern 10 6 100\% Craphics desigrl 12 6 4 100\% Copyright 4 5 6 100\% Barmples 4 2 70\% Toolirg 6 9 4 50\% Production 2 6 14 20\% Total 10 18 22 26 24 Currulative 10 28 50 76 100 -Use the data to calculate the earned value for the project.All amounts are in thousands of dollars.

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A project manager that uses milestones as a project control device is using a:

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Use this earned schedule table to determine the schedule performance index (t)for this project at the end of Month 6.  Month 1  Month 2 Month 3 Month 4  Month 5 Month 6  Month 7 PV ($) $125$275$500$875$1,485$2,325$2,670 EV ($) $50$120$255$420$715$865$0\begin{array} { | l | l | l | l | l | l | l | l | } \hline & \text { Month 1 } & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month 6 } & \text { Month } 7 \\\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\\hline \text { EV (\$) } & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0 \\\hline\end{array}

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What is the cost variance of Project Makeready based on the data in the earned value table shown below? Activity 7 14 21 28 35 42 49 Plan \%/1 Complete Install fixtures 325 250 575 100\% Refinish floors 550 85 635 100\% Replace doors 350 275 625 100\% Completetiling 1,200 565 1,765 80\% Install back door 875 225 1,100 70\% Landscaping 200 350 550 25\% Monthly Plan 325 800 435 1,475 1,440 425 350 5,250 Monthly Act 550 550 550 1,100 1,650 550 1,100

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