YOU ARE WRITING A REPORT FOR MANAGEMENT, NOT A PAPER. CONSIDER YOUR AUDIENCE. Think about how much fluff they would (not) want to read. Go straight to the point!
HERE IS YOUR OUTLINE! Use this (a shortened version of each header can be used, just make sure that you have them and they align)
Earned Value Parameters
Define the basic elements used to calculate EVM measures.
Analyze the project documentation from the case study for the data necessary to establish EVM parameters.
Discuss the various methods used to determine earned value.
Select the most appropriate method for determining earned value.
Point A – I am looking for a definition and explanation of where these are in the case. They are represented in the spreadsheets (EV, PV, AC, and BAC were to be discussed).
Point B- In the case study the following is presented. I expect that you will list them and speak to them. Scope (bottom of page 2 top of page 3), Cost analysis (top of page 4), Project and Program description (Top of page 5), Outsourcing needs (top of page 6), Program Activity Diagram (Exhibit 5). These items are needed to establish EVM – Baseline Plan (Spreadsheet 6A).
Point C – The methods are listed in Table 3-2 of the text. I am looking for a list and discussion and analysis of each.
Point D – Select one of the methods and defend its use on this case. There are a lot of items listed in Point B that can help with this. I am looking for the use of critical thinking skills based on knowledge of the methods applied to details you have of the project and program plan
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Earned Value Management Calculations
Demonstrate how EV, PV, and AC are used to calculate the EVM measures
Employ EVM equations to calculate the EVM measures (CV, SV, CPI, SPI) for the project in the case study.
Explain the implications for the projects in the case study for CPI and SPI
Earned Value Management Calculations
Demonstrate how EV, PV, and AC are used to calculate the following EVM measures: cost variance (CV), cost performance index (CPI), schedule variance (SV), schedule performance index (SPI), estimate to complete (ETC), estimate at completion (EAC), and variance at completion (VAC). Don’t just give the equation, tell me what each means
Employ EVM equations to calculate the EVM measures (CV, SV, CPI, SPI) for the project in the case study. Add a screenshot of a results spreadsheet – Add a paragraph to your paper explaining the calculations (high level). A complete analysis will come in Milestone 3
Explain the implications for the projects in the case study when CPI is greater than or equal to 1.0, CPI is less than 1.0, SPI is greater than or equal to 1.0, and SPI is less than 1.0. Explain CPI and SPI and use case study examples in your discussion and analysis.
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Interpretation of EVM Statistics
Explain the use of EVM statistics for identifying potential project performance deficiencies.
Interpret the EVM statistics calculated for the project in the case study in terms of current or potential deficiencies.
Discuss the role of EVM principles in achieving integrated cost and schedule control.
Interpret the EVM statistics calculated for the project in the case study.
Make appropriate recommendations for improving integrated cost and schedule control for the project in the case study.
Point A – Deficiencies are noted in variances.
Point B – Give implications.
Point C – Integrated Cost and schedule control is the use of the tool to address the variances after each status update.
Point D – Spreadsheet 6F has the entire program and all the updates. I need to see knowledge that you understand what is being shown
Point E – Use case details to support what you could do to try to bring EVM back on track
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Application of EVM
Assess the role of integrated cost and schedule control in improving overall project performance. Be sure to use research to substantiate your reasoning.
Analyze the overall performance of the project in the case study based on your interpretation of the EVM statistics and with regard to integrated cost and schedule control.
