PMGT 721_Individual AssignmentPart2

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PMGT721   Term 2023F   Section 002   Individual Assignment Part 2 Date: 06 December, 2023 Submitted By   Student Name   Student No.   Andrea Barreto 301357607 1
Answer the following questions with the information provided. 1. Given the following project network, baseline, and status information, develop status reports for periods 2, 4, 6, 8 and complete the performance indexes table. Calculate the EACf and the VACf. Based on your data, what is your assessment of the current status of the project? At completion? 2
Here are the tables that you should completed 3
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Status Report: Ending Period 2 4
Task %Complet e EV AC PV CV SV A 75% 30 25 20 5 10 B 50% 16 12 12 4 4 C 0% 0 0 0 0 0 D 0% 0 0 0 0 0 E 0% 0 0 0 0 0 F 0% 0 0 0 0 0 Cumulativ e Totals 46 37 32 9 14 Status Report: Ending Period 4 Task %Complet e EV AC PV CV SV A 100% 40 35 40 5 0 B 100% 32 24 24 8 8 C 0% 0 0 0 0 0 D 0% 0 0 0 0 0 E 0% 0 0 0 0 0 F 0% 0 0 0 0 0 Cumulativ e Totals 72 59 64 13 8 Status Report: Ending Period 6 Task %Complet e EV AC PV CV SV A 100% 40 35 40 5 0 B 100% 32 24 32 8 0 C 75% 36 24 24 12 12 D 0% 0 0 6 0 -6 E 50% 14 10 8 4 6 F 0% 0 0 0 0 0 Cumulativ e Totals 122 93 110 29 12 Status Report: Ending Period 8 Task %Complet e EV AC PV CV SV A 100% 40 35 40 5 0 B 100% 32 24 32 8 0 C 100% 48 32 48 16 0 D 33% 6 20 10 -14 -4 E 100% 28 20 28 8 0 F 0% 0 0 0 0 0 5
Cumulativ e Totals 154 131 158 23 -4 Perfomance Index Summary Period EV AC PV SPI CPI PCIB 2 46 37 32 1.44 1.24 22% 4 72 59 64 1.13 1.22 35% 6 122 93 110 1.11 1.31 59% 8 154 131 158 0.97 1.18 75% EACf = ETC + AC ETC = BAC - EV EV/AC ETC = 206 - 154 1.18 ETC = 44 EACf = 44 + 131 EACf = 175 VACf = BAC - EAC VACf = 206 - 175 VACf = 31 6
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Indexes to monitoring project. Cost Performance Index For each period, the CPI index was greater than 1.00 (1.18), so the project progress is better than expected in terms of cost. Schedule Performance Index The schedule index indicates we are behind the schedule (SPI = 0.97) Forecasting Final Project Cost The final project projected cost forecast is $175,000 versus $206,000 originally planned; this represents good news for the project’s funds. They will be use $31,000 less than was budgeted. The project would therefore be forecasted to come in 31 (000) under budget. The project would therefore be forecasted to come in 31 (000) under budget. 7