1.You are a project manager of a project to develop a new software platform. The
ID: 2718140 • Letter: 1
Question
1.You are a project manager of a project to develop a new software platform. The project life cycle is made up of the phases in the WBS below. Each control account plan (CAP) is planned to be completed one after the other. Today is the end of Month 5
CAP
Duration
Budget
Requirements
1 months
$ 40,000
Graphical User Interface
1 month
$ 40,000
Business Logic Code
1 month
$ 60,000
Software Developer Testing
2 months
$ 120,000
User Acceptance Testing
1 months
$ 40,000
Using the Project status chart below, calculate EV, etc, at the end of month 5
Task
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Status at end of Month 5
Requirements
S-------F
Complete, Spent $38,000
Graphical User Interface
S----PF
Complete, spend $36,000
Business Logic Code
PS-S-PF
--F
Complete, Spend $ 61,000
Software Developer Testing
PS----S-
-----PF
85% Complete, Spend $ 92000
User Acceptance Testing
Not Started
What is
Formula
Calculation
Answer
BCWS or PV
BCWP or EV
ACWP or AC
BAC
CV
CPI
SV
SPI
EAC
ETC
VAC
1-Based on your results. In this project what would you be most concerned with?
a)Schedule
b)Cost
c)Stakeholders Involvement
d)Quality
CAP
Duration
Budget
Requirements
1 months
$ 40,000
Graphical User Interface
1 month
$ 40,000
Business Logic Code
1 month
$ 60,000
Software Developer Testing
2 months
$ 120,000
User Acceptance Testing
1 months
$ 40,000
Explanation / Answer
Answer:
What is
Formula
Calculation
Answer
BCWS or PV
Sum of all cost of the work scheduled
Add cost of requirements, Graphical user interface, business logic code, software developer, testing, user acceptance testing = $40,000 + $40,000 + $60,000 + $120,000 + $40,000 =
$340,000
BCWP or EV
Sum of all cost of the work performed
= $38000 + $36,000 + $61,000 + $92000 =
$227,000
ACWP or AC
Sum of all cost of the work performed and completed
= $38,000 + $36,000 + $61,000 =
$135,000
BAC
Total PV
=$340,000
$340,000
CV
Cost variance = BCWP- ACWP
= $227,000 - $135,000 =
$92,000
CPI
CPI = Earned value/actual cost
= $227,000/$135,000 =
1.6814
SV
Schedule variance = SV = EV - PV
= $227,000 - $340,000 =
- $113,000
SPI
SPI = EV/PV
= $227,000 / $340,000 =
0.667
EAC
EAC = AC + (BAC-EV)/CPI = BAC/CPI
= $340,000 / 1.6814 =
$202,212.44
1-Based on your results. In this project what would you be most concerned with?
a)Schedule
b)Cost
c)Stakeholders Involvement
d)Quality
Answer: The schedule is what is more concerning. As few of the modules have not yet started.
What is
Formula
Calculation
Answer
BCWS or PV
Sum of all cost of the work scheduled
Add cost of requirements, Graphical user interface, business logic code, software developer, testing, user acceptance testing = $40,000 + $40,000 + $60,000 + $120,000 + $40,000 =
$340,000
BCWP or EV
Sum of all cost of the work performed
= $38000 + $36,000 + $61,000 + $92000 =
$227,000
ACWP or AC
Sum of all cost of the work performed and completed
= $38,000 + $36,000 + $61,000 =
$135,000
BAC
Total PV
=$340,000
$340,000
CV
Cost variance = BCWP- ACWP
= $227,000 - $135,000 =
$92,000
CPI
CPI = Earned value/actual cost
= $227,000/$135,000 =
1.6814
SV
Schedule variance = SV = EV - PV
= $227,000 - $340,000 =
- $113,000
SPI
SPI = EV/PV
= $227,000 / $340,000 =
0.667
EAC
EAC = AC + (BAC-EV)/CPI = BAC/CPI
= $340,000 / 1.6814 =
$202,212.44
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.