Great Toys Smart Bear Status Report #1 - Project Management Report

This report provides a comprehensive overview of the Great Toys Smart Bear project status as of June 24, 2018. It includes earned value figures, milestone status, schedule and budget summaries, explanations for variances, and a risk watch. The report highlights the project's current progress, identifies potential issues, and outlines the project's overall health.

☒ I/we understand and agree to the following:
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Part A Question 3
a) Duration: 190 days. End Date: 3 January 2019.
b) Duration after change: Reduced by 30 Days and the new duration is 160 days.
End Date after change: 17 January 2019
c) Refer to the system the task 2.7 then the duration is reducing by 3 weeks and due to this, the
duration of the overall project is reduced. And this is due to the addition of the extra software
engineer into the task.
d) The duration of the project depends upon the task is lying over the critical task or not.
Part A Question 4
a) There is an option into the MS project, with the help of that this overallocation is removed. For
that resource » Levelling option » Clear levelling » Level all.
b) For the current scenario, there is no need to apply any resources just remove the overallocation.
c) There is a change in the duration of the as the duration is increased by 10 days.
Part A Question 5
To: Mr Nielson, Director of Product Development
CC: Ms. Donovan, Mr. Brown
From: Bikram Singh
Date: 24/May/2018
Subject: Direct Labour Costs for resources
Respected Sir,
The Completion date of the project is 01 February 2019. And following resources will be used in this
project. Cost are also provided for the respective resources.
Below show the changes in the costing of the resources as the changes make the task.
Resource Name Cost
Electronics Engineers $32,400
Software Engineers $133,120
Mechanical Engineers $16,800
Test Engineers $34,200
Production Engineers $8000
Total direct labour costs: $224,520
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Currently, all the over-allocation in the project have been resolved. Please email your concerns to me.
I will be very grateful for your comments.
Thank You
Bikhram Singh
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Impact of changes on overall project duration:
Change Impact
(longer, shorter or
no impact)
By how
much
Explanation
Change in person-weeks for
task 2.7
Before: Days -170
After: Days -175
Impact: Impact is
longer
Increased by
5 days
As this task lie over the critical path
Change in person-weeks for
task 2.12
Before: Days -175
After: Days -180
Impact: Impact is
longer
Increased by
5 days
As this task lie over the critical path
Change in duration for 5.2 Before: Days -180
After: Days -180
Impact: no impact
No changes As this task does not lie over the critical path
Assignment of both MEs to
task 3.3
Before: Days -180
After: Days -180
Impact: no impact
No changes As this task does not lie over the critical path.
Impact of changes on overall project cost
Change Impact on direct
labour costs
(more, less or no
impact)
By how
much
Explanation
Change in person-weeks for
task 2.7
Before: Cost -$38400
After: Cost -$44800
Impact: Impact is More
+$6400 -
Increased
There is a number of engineer increases.
Change in person-weeks for
task 2.12
Before: Cost -$6400
After: Cost - $9600
Impact: Impact is More
+$3200 -
Increased
The amount is increased by $3200
Change in duration for 5.2 Before: Cost -$0 No changes No change in the cost
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After: Cost - $0
Impact: There is no
impact
Assignment of both MEs to
task 3.3
Before: Cost - $5600
After: Cost -$2800
Impact: Impact is less
(- $2800) -
Decreased
Decreased by $2800.
Additional Notes:
 Task 2.7
o Start date: 04 June 2018
o Finish date is 02 February 2019,
o Cost is $44,800.
 Task 2.12
o Start date: 04 June 2018
o Finish date: 15 February 2018,
o Cost: $9600.
 Task 5.2
o Start date: 04 June 2018
o Finish date: 15 February 2018,
 Task 3.3
o Start date:06/04/2018
o Finish date: 02/15/2019.
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Project Name: Great Toys Smart Bear Status Status Report report #1
Project Manager: Bikhram Singh
Status as of: 24/06/2018 End of Week: week #12
Earned Value Figures
PV EV AC SV SPI CV CPI BAC EAC VAC
$121920 $12092
0
$132740 $100
0
0.99 $1182
0
0.91 $234120 $25700
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$22885.88
Project Description
Refers to the project then this is related to the great toys smart bear and till the status date then this is
50% completed.
Milestone Status
Milestone Description Date
scheduled
(baseline)
Date
Reached
M1 M1:Project Start – Concept Review 4/6/18 1 (start),
4/6/18
M2 M2: Design review 8/13/18 8/13/18
P1 P1: Proto design 11/15/18 11/15/18
M3 M3: Final design review 2/1/19 2/1/19
M4 M4: Launch review 2/15/19 2/15/19
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Status summary (schedule and budget)
Schedule
Planned finish date (from Gantt chart): 15/02/2019
Current estimated finish date (from tracking Gantt chart): 15/02/2019
The planned cost to date: $121,920
The earned value to date: $120,920
The actual cost to date: $132,740
Schedule Variance: $1000
Summary of schedule status:
1. Refers to the task then these have delay in the starting, but in the end the project is completed on
time. The delay is due to the non-critical task.
2. The task1.3 is 95% completed and if consider this to 100% then value of SV is $1000.
Budget
The actual cost to date: $132,740
The earned value to date: $120,920
Cost Variance: $11,820
CPI: 0.91
Summary of budget status:
1. The CV is $11,820. This is due to the delay in the project the cost of the project increase.
2. The variance of the cost is around $ 20,000. This is because the task is 50% completed.
Explanations
The task of the project took some of the time to complete the project, this may leads to increase the
cost of the project.
Major changes or issues since last report
No Change
Risk watch:
No Change
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