1. Establish the project objective and make a list of your...

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Task 1. Create a cost estimate and model for your project based on its WBS. Be sure to document your assumptions in preparing the cost model (e.g., schedule and cost goals are 6 months and $200,000; a labor rate of $100/hour for the project manager and $60/hour for other project team members; none of the work is outsourced; labor costs for users are not included; there are no additional hardware costs etc.). Task 2. Using the cost model you created in Task 1, prepare a cost baseline by allocating the costs by WBS for each month of the project. Task 3. Assume that you have completed X months of the project (e.g., 3 months into a 6-month project). You can also make the following assumptions: * BAC = ... (e.g., $200,000) * PV = ... (e.g., $120,000) * EV = ... (e.g., $100,000) * AC = ... (e.g., $90,000) a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? d. Use the SPI to estimate how long it will take to finish this project. e. Create an earned value chart using the preceding information. Submit one Word file containing the solutions to the tasks. Please indicate the participating members on the cover page.

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Transcript

00:01 So from here we can say that the project objective in the first part is asking about.

00:08 So project objective is here to create a comprehension annual report that is shortest simpler and easy to read that shows the benefits of the centers.

00:47 Center's research.

00:50 Next is, hop to increase number and monitoring amount of donations given to the center.

01:12 Next is impact research has on people's lives, that this is the main benefit...

Question

1. Establish the project objective and make a list of your assumptions about the project 2. Develop a work breakdown structure (WBS)

Question

1. Establish the project objective and make a list of your assumptions about the project 2. Develop a work breakdown structure (WBS)

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