CPMGT305 Phoenix Small Construction Project Earned Value Case Study Discussion I only need question 2 answered. Must be 350 words and thorough. You can use

CPMGT305 Phoenix Small Construction Project Earned Value Case Study Discussion I only need question 2 answered. Must be 350 words and thorough. You can use the worksheet attached to answer right onto there. Small Construction Project Earned Value Case Study 1
CPMGT/305 Version 13
Small Construction Project Earned Value Case Study
Instructions: You are preparing a status report for your project sponsor and stakeholders and it’s
important to share the project progress using the Earned Value technique. You are preparing your status
report for the period ending October 28th. Your project started February 27th. Assume that the project
is executed 5 days per week and 8 hours per day with some additional hours that amount to 8 hours
every Saturday and Sunday. The project manager’s table of activities are noted below.
ID
10
20
30
40
50
60
70
Activity
Original
Duration
(days)
Site Prep
8
Substructure 12
Super
18
Substructure
Exterior
6
Interior
14
Services
10
Cleanup
4
Actual
Duration
(days)
9
11
–
Actual
Start
Date
2/27
5/1
7/20
Actual
Finish
Date
4/26
7/18
–
%
Complete
Original
Budget
Actual
Budget
100
100
75
$500,000
$600,000
$1,500,000 $1,350,000
$2,000,000 $1,450,000
–
8/31
–
–
0
50
0
0
$400,000
$1,800,000 $1,000,000
$1,000,000 $200,000
Question 1: Forecast the duration of the activities that are currently in progress assuming their current
rate of progress will continue till the end of the project. Find out the remaining duration as per the
forecasted duration.
Step 1 – Determine activities in progress (ID 30 and ID50) – Less than 100% complete
Step 2 – Calculate actual duration from activity start date to status date for each activity in progress. The
remaining duration calculation must be computed using the % of work completed to date.
ID 30 – Activity 30 Super Substructure
Actual Duration up to status date = ____#weeks to status date (Activity start date -7/20) thru (Project
Status Date – 10/28)
% of work Complete = 75% (From Chart above)
New Duration at 100% = 100 * _
complete 100%
#weeks to status date / 75 (% of work complete) = ______ #weeks to
Remaining Duration at 25% = _____ weeks to complete 100% – #weeks to status date __________
Small Construction Project Earned Value Case Study 2
CPMGT/305 Version 13
ID 50 – Activity 50 Interior
Actual Duration up to status date = ______#weeks to status date (Activity start date -8/31) thru (Project
Status Date – 10/28)
% of work Complete = 50% (From Chart above)
New Duration at 100% = 100 * _____#weeks to status date / 50 (% of work complete) = ______ #weeks
to complete 100%
Remaining Duration at 50% = _____#weeks to complete 100% – #weeks to status date ___________
Question 2: Calculate the Planned Value (BCWS) based on the original budget, the original duration, and
the number of weeks between the planned early start date and the status date (October 28th for the
activities that are in progress. This calculation will provide the amount of money the project has spent
up to October 28th?
Activity 30 – Super substructure
Original Budget = $2,000,000
Original Duration = 18 Weeks
Number of Weeks between Planned Start Date and Status State = ______ #Weeks to status date (From
Question 1.
BCWS = #Weeks to status date / Original Duration * Original Budget
BCWS = ______________________________
Activity 50 – Interior
Original Budget = $1,800,000
Original Duration = 14 Weeks
Number of Weeks between Planned Start Date and Status State =_______ #Weeks to status date (From
Question 1).
BCWS = #Weeks to status date / Original Duration * Original Budget
BCWS = ______________________________
Small Construction Project Earned Value Case Study 3
CPMGT/305 Version 13
Question 3 – Calculate the BCWP (Earned Value). This is based on the original budget and the actual
work completed for the activities that are in progress. This calculation will provide the budgeted cost of
the work completed to date.
Activity 30: Super Sub Structure
Original Budget: = $2,000,000
Actual Percent Complete = 75%
Earned Value = 75% * Original Budget _____________________
Activity 50: Interior
Original Budget = $1,800,000
Actual Percent Complete = 50%
Earned Value = 50% * Original Budget ______________________
Question 4 – Calculate the Schedule Performance Index (SPI) and the Cost Performance Index (CPI)
based on BCWS and BCWP. Based on these calculations, determine if the project is ahead or behind
schedule and if the cost is under or over budget?
SPI = BCWP / BCWS
CPI = BCWP / ACWP
Activity 30 = Super Substructure
SPI = _____________________
CPI = _____________________
Ahead or Behind Schedule? _____________________
Under or Over Budget? _____________________
Activity 50 = Interior
SPI = _____________________
CPI = _____________________
Ahead or Behind Schedule? _____________________
Under or Over Budget? _____________________

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