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PMAN 650Session 5 Individual AssignmentEarned ValueIntroducTonAll of you have had at least an introducTon to earned value management in the project managementfundamentals course. Many of you may have had the opportunity to use earned value management inyour professional careers. In pracTce, most EVM analysis results are generated by scheduling soFware orother applicaTons. As a project manager, you must have a good handle on the concepts and be able toverify the accuracy of EVM analysis results.In this assignment, you will have an opportunity to brush up and expand upon your EVM knowledge andskills by applying EVM concepts to a pracTcal problem.THIS ASSIGNMENT REQUIRES A MANUALANALYSIS – DO NOT USE MICROSOFT PROJECT.Problem BackgroundYour project consists of six acTviTes shown in the table below, along with: (1) planned start and ±nishdates; (2) acTvity budgets; and (3) earned value (EV) accrual rules from you project cost managementplan.Actvi±yPlanned S±ar±Planned FinishBudge±EV Accrual RuleAcTvity OneMon – 10/13/14²ri – 10/31/1410,000Percent Completewith GatesAcTvity ³woMon – 10/20/14²ri -11/28/1430,000²ixed ²ormula-50/50AcTvity ³hreeMon -11/3/14²ri -11/14/147,000²ixed ²ormula-20/80AcTvity ²ourMon -10/13/14²ri -11/14/1420,000WeightedMilestonesAcTvity ²iveMon 11/17/14²ri – 12/5/1410,000²ixed ²ormula –0/100AcTvity SixMon -12/8/14²ri -12/19/147,000²ixed ²ormula –0/100AcTvity ³wo has a start-to-start relaTonship (one week lag Tme) with AcTvity One. AcTvity ³hree has a±nish-to-start relaTonship with AcTvity One. AcTvity ²ive has ±nish-to-start relaTonships with acTviTes³hree and ²our. AcTvity Six has ±nish-to-start relaTonships with acTviTes ³wo and ²ive.AssumpTons1.Assume a ±ve-day work week.2.²or all acTviTes (except AcTvity ²our), assume the expenditure rate is constant over the duraTonof the acTvity, i.e.:
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PMAN 650Session 5 Individual AssignmentEarned ValueFor AcTvity Four, assume the expenditure profle shown below:±he project sponsor wants you (the PM) to present a project cost and schedule per²ormance assessmentusing data through Friday, Nov 7, 2014. You have collected the ²ollowing in²ormaTon:ActviTyAcTual STarTAcTual FinishAcTual CosTAcTvity OneMon – 10/13/14Mon – 11/3/1412,000AcTvity ±woMon – 10/20/1412,000AcTvity ±hreeMon -11/3/144,000
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