Earned Value Management
You are 18 months into a 27-month effort, to deliver a Sensor Package Integration Delivery Order; and although you expected to be completed through task 22 at this point, you have only completed work through task 17. Some things are going well, while others seem to be falling behind schedule. Your management has asked for an in-progress review and you want to put your newly acquired EVM analysis skills to work to assess schedule and cost status.
Assignment
Specifically, calculate and report the following cumulative values for the project (show your work):
Planned Value
Earned Value
Actual Cost
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index
Budget At Completion for entire project
Percent Scheduled vs. Percent Completed
Months ahead of or behind schedule at the end of month 17
Percent Spent at the end of month 17
Estimate At Completion
Variance At Completion
To Complete Performance Index (BAC)
Provide an analysis of what these values are telling you about the current and projected health of the project. If there are variances, what could you do to try to bring things back in-line?
