A project team member turned in her status report for the newly approved mailing activities. She feels that her pieces are on track with nothing for you to worry about. She reports the following information for the critical path tasks: (see attached document to view chart)
You review her status report and determine that she does not have a solid grasp of her status. The project leader was unable to provide you with anything more than, "Things are moving along just fine." Using earned value measurements along with the other information and metrics available, determine the true status of Jennifer's portion of the project.
- Prepare an updated status report for Jennifer and share the measurements and your rationale in your determination of the status for the project.
- Assist with creating a slide presentation explaining the benefits of using EVM.
- Be sure to document some instructions (1-page document) for Jennifer and Ben for determining the project status for their next project update to you.
- Also, provide materials that would be used to train Jennifer and Ben on the benefits and application of earned value. The materials should include some guidelines for Jennifer and Ben to help them create and then interpret the metrics.
Please find help and some guidelines for Earned Value Measurements in the attached files. The content below has been written to get you started on this assignment. This has been written to help you with this particular problem and its use is limited as such. You can also use the listed resources to explore your topic further.
Project Status Report:
The updated status report of the project by using earned value measurements is discussed below - Earned Value Management (EVM).
It is a project performance measurement technique that helps project managers to measure project status or performance. It is mainly useful to control cost and schedule of the project. Along with this, earned value measurements allow project team member to compare as much work as what has actually been completed against the amount of planned work (Schwalbe, 2010). The outcomes of different earned value measurements for the critical tasks A and B are summarized in the following table.
Measurements Task A Task B
Earned value (EV) $360 $360
Present value (PV) ...
The solution discusses using earned value to determine status.