Cost and Time Monitoring for ATA's Solar Lighting Project

The ATA Case Study
Assessment 3
[Name]
[Student no.]

ATA, a small Australian Non-Government and Not-for-profit organization has come up with
ta project proposal of installing 100 solar lighting system in the remote villages of districts of
Quelicai, East Timor. The scope of the proposed project is preparing project plan, raising
funds, beneficiaries selection and training the crew. In this essay, the focus shall be given to
the cost and time monitoring and how team and CEO shall be updated about the project
progress. Project control and execution goes along with the project monitor and control.
Monitoring and control allows project to ensure that key deliverables such as installation
plan, vendor selection, receive 100 solar lighting equipments, etc. are completed as and when
planned and if there is any variation that should be reported. The monitoring works on all
important components of project plan such as time, quality, cost, risk, communication and
change management.
In order to ensure that there is no deviation in the budget and deadline, Earned Value
Methodology is used. Earned Value is a famous tool in the field of project management
which uses information about the schedule, cost and work performance. It will then provide
current status of the project. It allows the project manager to understand the current trends of
the project to predict the final status of the project. The method is based on the simplified
project model but it is very useful when it comes to comment on the status of cost and time
of the project (Milosevic, 1987).
Key performance metrics are defined using EVM – Resource Flow Variance (RV), Cost
Variance (CV), Schedule Variance (SV), Time Variance (TV), Resource Flow Index (RI),
Cost Index (CI) and Schedule Index (SI). Key metrics being followed in this solar lighting
project are as follows (Adler & Smith, 2009):
 Schedule deviation – In this metric, status can be marked as 0% completed, under
progress or 100%c completed. This will help in capturing the deviation in schedule