Project Planning, Budgeting, and Cost Analysis Report

This report focuses on project planning and cost analysis, examining key financial metrics and performance indicators. It includes a detailed breakdown of budgeting, with specific figures for different periods, and calculates various financial metrics such as the Budget at Completion, Planned Value, Earned Value, Schedule Variance, Cost Variance, Schedule Performance Index, Cost Performance Index, Estimate to Complete, and Estimate at Completion. The report utilizes formulas to determine these values and provides a comprehensive analysis of the project's financial health. Finally, the report includes a bibliography with relevant sources for further reading. The report offers insights into project management and financial control, making it a valuable resource for students studying finance and project management.

Running head: PLANNING THE PROJECT
Planning the Project
Name of the Student:
Name of the University:
Author’s Note:

1PLANNING THE PROJECT
Table of Contents
Question 1........................................................................................................................................2
Question 2 – Question 10................................................................................................................3
Bibliography....................................................................................................................................4

2PLANNING THE PROJECT
Question 1
The cost baseline well handles the amount of money that the project is well predicted to
the cost basis and on the other hand side, it also predicts the amount of costs or expenses that
would be spend and at what time the amount or sum of money would be well spent.
Date Sum of Budgeted Amount
4/1/2001 90000
5/1/2001 130000
July 1 and beyond 500000
4/1/2001 5/1/2001 July 1 and beyond
0
100000
200000
300000
400000
500000
600000
Sum of Budgeted Amount by Date

3PLANNING THE PROJECT
Question 2 – Question 10
Questio
n Particulars Formula Amount ($)
2 Budget at completion Sum of the estimated budgets 720000
3 Planned Value as of May 1 Value planned on May 1 190000
4 Earned Value 2/3 of planned value
126666.666
7
5 Schedule Variance Earned Value - Planned Value
-
63333.3333
3
6 Cost Variance Earned Value - Actual Cost
-
33333.3333
3
7 Schedule Performance Index Earned Value/Planned Value
0.66666666
7
8 Cost performance index Earned Value/Actual Cost
0.79166666
7
9 Estimate to Complete Estimated Actual Cost - Actual Cost 370000
10 Estimate at Completion Budget at completion/cost performance index 909474

4PLANNING THE PROJECT
Bibliography
Cooper, R. (2017). Target costing and value engineering. Routledge.
Labro, E. (2019). Costing systems. Foundations and Trends® in Accounting, 13(3-4), 267-404.
Langfield-Smith, K., Smith, D., Andon, P., Hilton, R., & Thorne, H. (2017). Management
accounting: Information for creating and managing value. McGraw-Hill Education Australia.
Shea, V. J., Waldrup, B. E., Xu, H., & Williamson, S. (2018). ERROR RATE IMPACTS ON
DECISION EFFICACY: ACTIVITY-BASED COSTING SYSTEMS IN SMALL
BUSINESS. QRBD, 59.