Week 14

EARNED VALUE MANAGEMENT EXERCISE

Instructions: You have been instructed to provide a detailed analysis of the current progress of cost and schedule for an on-going project. You have been provided the Planned Value, Earned Value, Actual Cost and Budget at Completion. You will calculate the Variances, Indexes and Estimates for the project to provide a comprehensive report on the project. The comprehensive report should explain how the results are calculated, what the results mean, and what specific action steps should be taken to bring the project back within scope. Definitions must cite Kloppenborg textbook.

Planned Value (PV)	150,000
Earned Value (EV) Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper	100,000
Actual Cost (AC)	200,000
Budget at Completion (BAC)	500,000

Schedule Variance (SV)

Cost Variance (CV)

Schedule Performance Index (SPI)

Cost Performance Index (CPI)

Estimate to Completed (ETC Method 1)

Estimate to Complete (ETC Method 2)

Estimate at Completion (EAC)

To-complete Performance Index (TCPI)

Comprehensive Situational Analysis:

Week 14 Assignment

You need to work for me and my GF on this below.

Chapter 14: Determining Project Progress and Results.

This chapter covers multiple ways in which project managers seek to ensure the project results they planned to make and promised to deliver. After completing this chapter, each student should be able to perform the following:

Core Objectives:

1. Develop and demonstrate use of a change control system.

2. Demonstrate how to monitor and control project risks with various resolution strategies.

3. Create and present a project progress report.

Behavioral Objectives:

1. Describe the importance of formal reporting and communications.

2. Demonstrate negotiating skills.

3. Manage conflicts during the project execution.

Technical Objectives:

1. Describe project quality control tools, including how and when to use each.

2. Calculate current project schedule and budget progress, and predict future progress, using earned value analysis.

3. Document project progress using MS Project.

Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. 

Also, provide a graduate-level response to each of the following questions:

1. In your opinion, under what conditions should the sponsor approve a project change, and when is it okay for the project manager to authorize a change?  Give an example of each. 

2. Give specific examples of risks on a project that are within the team’s control, partially within the team’s control, and outside the team’s control. Tell how you would deal with each. 

Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]