MGT 150. Project Management

August 29th, 2015

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MGT 150. Project Management

Assignment 3

Following are data reporting progress on a project. Work on all tasks contained in the table is scheduled to be complete as of the day of the report.

Budget   Begun?   Complete?   Actual cost   Earned Value
Task A   3,100   Yes   Yes   3,100
Task B   4,000   Yes   Yes   4,500
Task C   2,500   Yes   Yes   2,250
Task D   4,000   Yes   No   3,500
Task E   3,500   Yes   Yes   4,000
Task F   2,500   No   No   0

1)   Using the 50-50 Rule, what is earned value for this project?
2)   Using the 0-100 Rule, what is earned value for this project?
3)   Note the discrepancy of earned value figures when using the 50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your rationale.
4)   Using the 50-50 Rule earned value computation, what is schedule variance for the project as reported?
5)   What is the schedule performance index (SPI)?
6)   Using the 50-50 Rule earned value computation, what is the cost variance for the project as reported?
7)   What is the cost performance index (CPI)?
8)   If the total budget for this project is 50,000, use CPI to compute estimate at complete (EAC).
9)   Using the earned value information garnered from the above table, provide your boss a brief status report on project progress to date. Also, provide projections for future status.

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