University Project Management: ENG8208 Advanced Engineering Project

This project management assignment analyzes two projects using Earned Value Management (EVM), calculating cost variance, schedule variance, CPI, and SPI to assess performance. The assignment explores the advantages and risks of EVM, emphasizing its efficiency in assessing project progress but also acknowledging potential inaccuracies based on past performance assumptions and the cost of implementation. The second part focuses on project development, including an updated business case for a mobile network infrastructure project, outlining project objectives using the SMART tool, and detailing functional and non-functional requirements. The assignment emphasizes the importance of proactive risk management, accurate EVM calculations, and effective project planning to ensure successful project execution within budget and schedule constraints. It highlights the need for robust project management tools and methodologies to mitigate risks and achieve desired outcomes.

Running head: PROJECT MANAGEMENT
PROJECT MANAGEMENT
Name of the Student
Name of the University
Author Note

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Table of Contents
Question 1 Earned value management............................................................................................2
Question 1(a) - Project 1..............................................................................................................2
Question b- Project 2...................................................................................................................2
Question 1 (c) Project comparison..............................................................................................3
Question 1 (d)..............................................................................................................................4
Question 2 project development......................................................................................................6
Question 2 (a)..............................................................................................................................6
Bibliography..................................................................................................................................20

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Question 1 Earned value management
Question 1(a) - Project 1
Given details,
Budget at Completion (BAC) of $4,500,000
Planned value (PV) $1,100,000
Actual cost (AC) $900,000
Percentage of work completed 26%
Earned value (EV) = Budget at completion * actual% completed= 1,170,000
Cost variance (CV) = EV-AC= 270,000
Schedule Variance= EV- PV= 70,000
Cost performance Index (CPI) = EV/AC= 1.3
Schedule Performance Index = EV/PV= 1.063
Question b- Project 2
Budget at Completion (BAC): $4,500,000
Schedule time to complete: 24 months
Planned value (PV) $1,650,000
Actual cost (AC) $1,800,000
Percentage of work completed 36%

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Earned value (EV) = 1,620,000
Cost variance (CV) = -180,000
Schedule Variance= -50,000
Cost performance Index (CPI) = 0.9
Schedule Performance Index = 0.98
Question 1 (c) Project comparison
After evaluating both the project components it has been observed that with the use of
Earned value management it becomes easy to determine the project execution details. After
comparing both projects, the conclusions that can be drawn are listed below:
 Cost variance: cost variance is referred to the indicator that helps in monitoring the
financial progression associated with the business. With lower cost variance it becomes
east to ensure that the project risks are controlled effectively. In case of Project 1 the cost
variance was in positive range that states the project has been executed within the budget
and around 270,000 have been saved. On the other hand it has been observed that in case
of project 2 the cost variance is in negative. This means that the project has run out of
money. Negative value of cost variance is considered as an indicator of over budget.
 Schedule variance: With the use of schedule variance it becomes easy to determine the
schedule that is maintained by a project. Schedule Variance for project 1 was estimated to
be around 70,000. This states that the project is on track and will be executed within the
estimated time period. On the other hand the schedule variance for the project 2 is in
negative. This means that project is running behind the schedule. Thus it will take more
time to get completed.

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 Cost performance index: CPI is used for the purpose of measuring the financial
effectiveness and efficiency associated with a project. This is used for representing the
amount of work that is completed per unit of the cost that is spent. Project 1 has a CPI
value of 1.3; this means that the project is maintaining its budget ad will deliver the
product within the estimated time with proper results. Whereas the CPI value for the
project 2 is below 1 that means the total budget is 90% to every financed dollar.
 Schedule performance index: This is referred to the measure that is used for
determining the project status. It helps in determining how close the project is from being
completed. The project 1 has SPI value 1.063, which means the work, has been executed
more than it was planned. On the other hand the 2 project has a SPI value less than 1 that
means the estimated works have not been executed within the estimated time. The
schedule for the project 2 is running behind. This can cause impact over the project
execution rate.
Question 1 (d)
Earned value management is considered to be one of the most efficient methods for
assessing the project performance. There is a need to identify the essential components so that it
can offer better data results towards the customers (Khesal et al. 2019). There are several risks
that may impact a project. The possible risk that comes along with the use of earned value
management within a project is that it works on an assumption that the future performance can
be estimated on the basis of past performance. However it is very difficult to ensure that the
assumption will work out by the end of the project.

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Second risk that is identified with the use of EVM method is that EVM assessment does
not includes measuring the impact of a number of project performance factors that are the
outcomes of complexity in consecution projects.
Third factor, the cost of earned value method for a project is expensive and requires
efficient implementation of EVA software.
Lastly, lack of proper management of schedule, budget and goal will lead to impacting
the overall performance of the project. Thus it will become difficult to calculate the EVM for the
project (Miguel et al. 2019).
Beside this with the use of earned value method it becomes easy to calculate the overall
project components. For successfully executing a project it is important to calculate certain
factors that are the cost variance, schedule variance, cost performance index and schedule
performance index. Once the project manager implements EVM, then it is important to use the
method after each phase. If the earned value for the project is calculated wrong, then the project
budget and schedule will also become wrong (Babar, Thaheem and Ayub 2017). This will
eventually lead to hampering the project execution phase. Thus it can be stated that, the main risk
that is faced is with wrong calculation of the earned value for a project.
Let’s take an example off construction project. For construction project it is important to
calculate the external factors and the environmental factors that may hamper the performance.
With proper analysis it will become easy to manage the project. If any error causes within the
earned value calculation then the complete project may get hampered. It is important for every
project managers to estimate the scope, schedule and budget related to the project effectively for
gaining proper results.

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Question 2 project development
Question 2 (a)
1.About the organization
The aim of the paper is to focus on developing a project successfully that will be capable
of meeting the needs of the customers. Nexus infrastructure is a construction organization that
focuses on executing large projects for the purpose of providing facilities towards the customer.
The organization at present is designing a mobile phone network for providing better services
towards the residential areas. With the development of mobile phone network it will become
easy to execute the process.
2.Updated Business case and project charter
Business case
The aim of the project is to ensure that the organization Nexus infrastructure is capable of
developing the project by mitigating the issues that were identified at early stage. The project
was started with an estimated budget of around $5 million and was expected to be executed
within 3 years from its commencement. However it has been observed that the project failed to
meet its objective and was running 3 months behind the scheduled time. Thus there is a need to
have an updated business case based on which the mobile network tower can be implemented in
the residential location. The issues that were identified included the schedule creep, poor
sequencing of activities, and lack of critical project resources and improper management of
alternative services. There is a need to have proper resources that can ensure better services
towards the customers. Due to lack of proper project management techniques, the project failed
to meet its primary objective. Thus it is important to develop an enhanced an updated business

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case that will be capable of providing better support towards the organization. With updated
business case it will become easy to provide the requirements towards the stakeholders.
The project factors that will be considered in this case are that the project will be
commenced within 3 years and 2 months. The main reason behind increasing the schedule for
project execution is to avoid the project schedule creep. The overall budget is fixed to $5 million.
The phases that will be included in the development of mobile phone network include initiation,
planning, designing, implementation, execution and lastly the closure. Beside this the project will
be executed with following the agile project management methodology. Thus it is expected that
the project will be executed successfully.
Project purpose
The Nexus Company aims at developing a mobile phone network for the purpose of
providing better network facility towards the residents. The project is estimated to be executed
within 3 years without any delay. However in order to avoid scope creep, 2 months is added
towards the schedule. This will remove the chances of scope creep. The project will be executed
once the project design is developed effectively.
Measurable project objectives
Before starting a project it becomes very much essential to ensure that the project
objective has been determined at the early stage. In order to explain the project objective,
SMART tool is used. The below developed table is designed for understanding the measurable
project objectives.
Objective Sufficient project Executing project Executing project within

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management tools within time budget
Specific With proper tools
the risks can be
mitigated
Time must be
strictly followed
so that the scope
creep can be
avoided
The development of mobile
network tower must be
executed within the budget
Measurable Performance and
outcomes will be
estimated
Time of execution
will be
determined.
Within 3 years
and 2 months the
project should be
commenced
Project will be estimated
within $ 5 million
Achievable Risks will be
mitigated and
effective outcome
can be obtained
Time set by the
project managers
must be followed
for successfully
meeting the
project
requirement
In order to execute the
project within the budget, it
is important to manage the
project scope and schedule.
With proper
implementation of project
management
methodologies it will
become easy to meet the

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overall objective
Relevant Implementation
of proper project
management tools
will enhance the
output
Relevant
completely with
the project
The objective is liked with
proper implementation of
mobile network tower.
Time-bound The time period is
3 years and 2
months
The time period is
3 years and 2
months
The project will be
executed within 3 years and
2 months
Project requirements
Project requirements are needed to be analyzed at the early stage so that it can be
executed effectively within the estimated time period. Nexus infrastructure motive is to develop
a mobile network tower by mitigating the issues that were faced earlier. With proper
development of project component it becomes easy to execute the project. The requirements
related to the project enhancement are divided into functional and non-functional requirements.
The functional requirements that are associated with the project include managing the
nodes associated with the mobile network and maintaining the overall latency and connection
within the project development phase. Beside this the project needs several raw materials for
designing the network. Apart from this it is important to design the network with all the
necessary requirements. The other requirement includes the aluminum, steel, word, plastic and

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composite materials. The site manager should also focus on managing the connectivity with the
mobile network so that it can offer better access over the network.
Nonfunctional requirements include easy accessibility towards the network, offering
better feature towards the labor so that they can develop the network effectively. The mobile
network designed will provide better access towards residents and also ensure that no
environmental degradation has been taken place. The network is designed in such a way that it
won’t cause any harm towards the environment or to any animals.
Assumptions
The project mobile network tower is going to be carried out by Nexus infrastructure
within a fixed budget of $5 million. In addition to this, it is also assumed that the project will be
executed within the estimated time frame of 3 years and 2 months. All the resources will be
managed efficiently for providing better support towards the project development. With an
efficient project execution it will become easy to meet the needs of the organization.
Summary budget
The project phases are divided into 6 phases that includes initiation, planning, designing,
implementation, execution and closure. With the use of agile project management methodology
the project will be executed within $5 million. The chances of budget overshooting have been
mitigated with efficient management of the project resources and by organizing the project
activities more efficiently.
Stakeholder list
Task Name Cost

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Constructing mobile network $5,000,560.00
Phase 1: Project initiation $1,556,560.00
Project starting $48,000.00
identifying the goal $154,000.00
business case $139,200.00
performing financial feasibility study $64,800.00
designing blueprint of the network $120,000.00
check environmental factors $617,760.00
develop project charter $412,800.00
stating objective of the project $180,000.00
identifying resources $112,800.00
identifying stakeholders $120,000.00
Phase 2: Project planning $1,922,400.00
managing the fund $528,000.00
quality and resource managing $400,000.00
Establish the project baseline $192,000.00
Communication plan $374,400.00
cost plan $120,000.00

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Risk management plan $308,000.00
Phase 3: Project design $859,600.00
designing the network $527,600.00
setting up connectivity $144,000.00
constructing base $188,000.00
phase 4: project implementation $300,800.00
setting up mobile tower $300,800.00
Phase 5: Project execution $238,800.00
start using network $144,000.00
checking the feasibility $94,800.00
Phase 5: Project closure $122,400.00
project stakeholders released $60,000.00
Sign off the project documents $62,400.00
The key stakeholders that are linked with the project execution are listed in the below
table:
Stakeholder name Roles

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Project manager Managing and designing the project with all
requirements
Sponsor Funding towards the development of mobile
tower network
Site manager Visits the site and evaluate whether the site is
suitable for development or not
Developer Developer is responsible for designing the
blueprint on which the project will be designed
Infrastructure manager Manages the infrastructures components
Labor Works effectively on development of project
Soil investigator Focuses on soil quality before starting the
construction of mobile network
Construction manager Manages the activities and helps in
constructing
Analyst The network will be analyzed with its
capability
Schedule executive Schedule executive is responsible for
managing the overall schedule for executing
the project

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Project approval requirements
The requirements will be approved by the project managers and by the executive head.
Project sponsors
The main sponsors that are associated with the project development are Government and
several mobile company units.
3. Updated project management plan
Project management plan is referred to the collection of the baselines and subsidiary plan
that is designed for successfully executing a project. It is important for every project manager to
follow proper project management plan for successfully executing the project with all necessary
requirements.
Project integration management: project integration management is very much
essential for successfully executing the project. This helps in coordinating the tasks,
stakeholders, resources and the elements associated with the project. The mobile network
construction project is one of the essential projects for the nearby residents. Thus there is a need
to have proper control over the project integration so that it can be executed within the estimated
time. The tasks that will be associated with constructing the project include initiation, planning,
designing, implementation, execution and closure. For the purpose of scheduling the tasks at
each department project team members will be responsible. It is important for the project
managers to take proper account about the activities. The resources will be integrated by the
resource allocator. It is the responsibility of the construction executive to look after the resources
so that chances resource lack can be reduced. Each phase will be monitored and supervised by

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the project manager so that the project can be executed efficiently within the estimated time
period.
Project scope management: project scope management is referred to the set of processes
that is used for the purpose of ensuring that the project follows the scope efficiently and the
phases are executed within the project within the estimated time period. Scope management
technique helps in managing each activity effectively. It can be stated that with the help of a
project scope management it becomes easy to meet the objective of the project. The project
scope management contains three processes that is planning, controlling and closing. For
successfully executing a project it is important to ensure at all the phases are executed efficiently.
The planning phase focuses on managing the tasks that are needed for executing the project.
Construction of mobile network is an essential project for the Nexus Company and as it is
important to plan and divide each phase affectively. On the other hand with the help of
controlling process it becomes easy to document the tracking of the process and the changes that
are taking place between the projects. Lastly the closing phase is designed so that it becomes
easy to understand whether all the deliverables are fulfilled or not. With the help of a closing
document it becomes easy to manage the project. The scope of the project was to remove all the
issues that were faced at the earlier stage and to develop a project with all the necessary phases
executing on time. Thus it can be stated that with the help of a proper scope management in the
construction of mobile network it will become easy to deliver the desired results.

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construction of mobile
network
Phase 1: Project initiation
Project starting
identifying the goal
buisness case
performing financial
feasibility study
designing blueprint of
the network
check
environmental
factors
develop project charter
stating objective of
the project
identifying
resources
identifying
stakeholders
Phase 2: Project planning
managing the fund
quality and resource
managing
Establish the project
baseline
Communication plan
cost plan
Risk management
plan
Phase 3: Project design
designing the
network
setting up
connectivity
constructing base
phase 4: project
implementation
setting up mobile
tower
Phase 5: Project
execution
start using network
checking the
feasibility
Phase 5: Project closure
project stakeholders
released
Sign off the project
documents
Project schedule management: Project schedule management is referred to the
mechanism that is used for the purpose of communicating with the tasks that are communicated
effectively for completing the project successfully. Project schedule contains all the work that is
needed to be delivered within the estimated time period. Thus it can be stated that it is important
for every project to develop a proper project schedule that will be used for identifying the key
phases associated with the project. Schedule management is important for every project manager
to ensure that a proper project schedule management is carried out within the project so that it
can be executed within the proper time. The key phrases that are associated with the project
include the project initiation, the project planning, project designing, project implementation,
project execution and project closure. With the proper flow of these phases in construction of a
mobile network it becomes easy to successfully execute the project. In order to manage the
project effectively the project management tool used is MS project.

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Project cost management: Cost management is one of the most essential processes
related to the project. It is important for every project manager to ensure that proper cost has
been maintained. With the help of cost management process it becomes easy to estimate, allocate
and control the overall cost associated with the project. It is important for the project manager to
ensure that the cost of the execution has been maintained properly. Before starting of the project
the cost that is been estimated is around $5 million. With proper execution and following of the
fees is it will become easy to ensure that the project cost has been maintained throughout the
project execution.
Project quality management: Project quality management is referred to the processes
with which it becomes easy to manage the quality within the project. It is important for the
project manager to ensure that the project has been developed effectively so that it becomes easy
to meet the project requirements. While developing the project the main concern is to ensure that

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all the necessary components are fulfilled efficiently. Project quality management is further
divided into different phases that are quality planning, quality assurance and quality control.
While developing the projector of constructing the mobile network it is important to develop the
network with proper quality so that it can transmit the signals properly. Project manager must
check the quality of the tower designed so that it can offer proper services.
Project resource management: Resource management is essential as the project may
face lack of resources if not managed effectively. The resources that are needed for executing the
project successfully are the raw materials, labors, and the environmental analysis. Each phase
involves resource and thus there is a need to manage the components effectively.
Project communications management: Communication management is carried out
within the project for the purpose of managing the stakeholders. It is important for the project
managers to ensure that proper communication channel has been developed with the
stakeholders.
Stakeholder name Communication channel
Project manager Meeting
Sponsor Meeting
Site manager Meeting at site
Developer Group conference
Infrastructure manager Meeting
Labor Group discussion

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Soil investigator Meeting
Construction manager Meeting
Analyst Group discussion
Schedule executive Meeting
Project procurement management: Project procurement management is needed for
managing the relationship with the project vendors and the members outside the team. It is
important to manage them so that it becomes easy to meet the key objective related to the
project. The procurement management in project is divided into four processes that include
planning, selecting, administering and closing procurements. This involves developing of the
procurement plan so that it becomes easy to meet the objective of the project. The project has
implemented procurement plan for the purpose of providing better facility towards the Nexus
organization.

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