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Determining Status of a Project Based on Assigned and Actual Work Completed

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I need calculate the true status of a project on tasks a and b. Information that is presented is:

Budgeted Work/Cost (PV)
Actual Cost to date (AC)
% work completed
Estimate to complete
Planned start & end dates - Start is Jan. 1, End is April 30
Actual start date - Feb. 1
Projected end date
Planned Resources Utilized - 30%
Actual Resources Utilized - 45%

With the Cost one calculates PV EV and AC.

What I do not understand is when I have dates and planned and actual resources, the formula concerning schedule and cost refers to the financial data but when there are only dates how does that calculation go?

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This solution discusses how to determine the status of a project.

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Determining the Status of a Project:

Given:
Variables Planned Actual
Date Start January 1 February 1
Resources 30% 45%
Date End April 30

The problem at hand involves an analysis of the status of a project. The decision is limited on two factors: the date that the project would start, the resources, and possibly, the possible completion date of the project.

The project is supposed to start (after some preparations and other preliminaries) on January 1. However, the target date of start was not met - the project started on February 1. This means the start of ...

Solution provided by:
Elisa Valdez, PhD
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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