Limited-time offer! Save up to 50% Off | Solutions starting at $6 each  

Controlling Project Performance (Time, Cost and Scope)

Added on - 27 Jul 2022

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 2 of 4 pages
Running Header:Controlling Project Performance (time, cost and scope)1
Students Name:
Students ID:
Institution:
Controlling Project Performance (time, cost and scope)
Controlling Project Performance (time, cost and scope)2
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:
AcronymNameValue
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:
AcronymNameValue
EACEstimated Cost at Completion121,207
VACVariance at Completion-4,707
Projected Completion8
Schedule Slippage-11%
1.3The Earned Value analysis graph
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document