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Controlling Project Performance (Time, Cost and Scope)

Added on - 27 Jul 2022

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Controlling Project Performance (time, cost and scope)
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Earned Value Analysis technique
The earned value analysis technique that offers project managers a way to measure a project’s
amount of works that has been performed over and above the basic review of schedule and
cost reports (Boyd, Unterhitzenberger & Joby, 2018). As a result, the project manager can use
the measured progress to predict the total cost of the project and the date of completion based
on the analysis of the trend (Chen, Chen & Lin, 2016).
1.1 Assessed Project performance at month 5:
BCWSBudgeted Cost of Work Scheduled59,500
BCWPBudgeted Cost of Work Performed49,500
ACWPActual Cost of Work Performed51,500
SVScheduled Variance-10,000
CVCost of Variance-2,000
SPIScheduled Performance Index0.83
CPICost Performance Index0.96
1.2 Predicted Future Project Performance:
EACEstimated Cost at Completion121,207
VACVariance at Completion-4,707
Projected Completion8
Schedule Slippage-11%
1.3The Earned Value analysis graph
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