Purchase Solution

Earned Value Analysis Structured Explanation

Not what you're looking for?

Ask Custom Question

The purpose of this assignment is to help you to understand the application of Earned Value Analysis (EVA) for project management monitoring and control.

Read the case study "That Which Is Not Earned Is Never Valued" on . Then help answer the four discussion questions that follow the case, applying current, relevant theory. Additionally, forecast the estimate at completion (EAC) on January 25th given the EV = 4,750, AC = 6,000, and the PV was 8,000.

Your responses to the questions and EVA forecast discussion should meet the following requirements:

Your complete response and discussion should be 2-3 pages long.

Page 324-326

https://saidnazulfiqar.files.wordpress.com/2008/04/case-studies-in-project-program-and-organizational-project-management.pdf

Purchase this Solution
Solution Summary

The response provides you a structured explanation of earned value analysis . It also gives you the relevant references.

Solution Preview

In compliance with BrainMass rules this is not a hand in ready assignment but is only guidance.

Question 1
Cost Performance Index is (Earned Value)/(Actual Cost)
Schedule Performance Index is (Earned Value)/(Planned Value)
We calculate these at different major points in time of the program life cycle.
The major points in time in history are December 14 when the project was having SPI and CPI both higher than one. This means at this point the project was on track. The second major point in time is December 21 when the turning point was reached. The third major point in time is February 22 when the project was terminated.
December 14
SPI= 1,800/1,500 equals 1.2
CPI=1800/1000 equals 1.8
December 21
SPI= 2,000/2,000 equals 1
CPI= 2,000/2,000 ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Introduction to Finance

This quiz test introductory finance topics.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

View More Free Quizzes
Related BrainMass Solutions

  • Project Management Maturity Model

    - The use of project quality, including earned value analysis, and examples of successful and troubled projects.

  • Risks in a Project

    Managing software projects with earned value. Journal from Northrop Grumman Corporation. Haughey, D. (2008). What is Earned Value?.

  • DoD Acquisition System: Structured, Regulated and Robust

    By using a structured, regulated, and robust acquisition system, the DoD reduces the incidence of acquisition and contract related fraud. Such an acquisition system will allow price costing, earned value, and quality assurance.

  • Earned Value Management

    Chen, PE CCE Earned Value Management is discussed very comprehensively in this explanation..

  • Project Management: Questions

    Earned value method b. Trade-off decisions involving resources, schedule, and performance c. Resource leveling d. Crashing activities to meet end dates Question 30 In which type of cost estimating is regression analysis technique used? a.

  • Tracking marketing performance

    Paid, Owned and Earned Media: A Qualitative Comparative Analysis Revealing Attributes Influencing Consumer's Brand Attitude in Social Media. In Proceedings of the 52nd Hawaii International Conference on System Sciences DOI (Vol. 10).

  • Using Benford's law to detect fraud

    For example, Book Value per Common share, Asset Turnover, Cash Return on Assets, Average collection Period, Vertical Analysis, Inventory Turnover, Debt Ratio, Profit Margin and Acid-Test Ratio can be calculated.

  • baselines and earned value analysis

    Considering this as the purpose, how do baselines and earned value analysis help us with this?

  • Ratio Analysis for McDonalds and Wendy's, 2010 & 2011

    Paul Cerisano MBA, MEd Analysis and comments about McDonalds and Wendy's, using financial ratios. Answer includes comments and clear specific explanation supported by ratio analysis and clarified formulae.

View More Related Solutions