Project Execution 2

GM593: Project Execution with Monitoring and Control

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Unit 2 Assignment: Calculating Project Budget Estimate Updates

In this Assignment, you are provided your sponsor-approved financials for your project’s labor. You

will need to go back to the project plan, or Gauchito Project W orkbook.xls (in Course Resources), to pull out your incremental material and equipment costs from the M&E Forecast tab. Your job will be to lay out only your Planned Value (PV) section of your Gauchito EVM Tool and/or Project (in Course

Resources). You will need to bring over your approved Gantt schedule for the Project W orkbook to accomplish this.

Based on the information from the Gauchito project plan, your company finance department provided

you with the following:

ID

Job Description

Immediate Predecessors

Planned Duration

(Weeks)

Staff (Number)

Rate/Pers on/Week

Task Cost (BAC)

A 1.0 ASSEMBLE ENGINE

MOUNT

Start

2

4

$1,440

$11,520

B 2.0 FIN PREPARATION Start 1 3 $1,440 $4,320

C 3.0 MARK FIN AND

LAUNCH LUG LINES

Start

1

3

$1,440

$4,320

D 4.0 INSERTING ENGINE

MOUNT

A

2

3

$1,440

$8,640

E 5.0 ATTACH FINS D 1 3 $1,440 $4,320

F 6.0 ATTACH SHOCK CORD Start 2 3 $1,440 $8,640

G 7.0 ASSEMBLE NOSE CONE Start 1 2 $1,440 $2,880

H 8.0 ATTACH

PARACHUTE/SHOCK CORD

G

1

1

$1,440

$1,440

I 9.0 ATTACH LAUNCH LUG E 1 1 $1,440 $1,440

J 10.0 PAINTING THE ROCKET I 1 4 $1,440 $5,760

K 11.0 APPLICATION OF DECALS

J

1

1

$1,440

$1,440

L 12.0 APPLYING CLEAR

COAT

K

1

1

$1,440

$1,440

M 13.0 DISPLAY NOZZLE

ASSEMBLY

K

1

3

$1,440

$4,320

N 14.0 ROCKET PREFLIGHT L 1 2 $1,440 $2,880

O 15.0 PREPARE FOR TEST

LAUNCH

N

1

1

$1,440

$1,440

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You will notice that the accounting guys are running with a blended rate for all skill sets to include the

outsourced contracted fitters. Because this is the latest information, you include it in your Project

W orkbook to supersede what was provided in the Gauchito project plan, and then complete the

following:

 Using the information in the Gauchito Project Plan, your Gauchito Project W orkbook (in Course Resources) your team put together as working references, and your company provided EVM

Tool Template (in Course Resources), construct in the EVM tool template your Planned Value (PV) section with a Gantt bar graph for the project depicting your critical path.

 Graph your baseline with BAC and EAC identified.

Considerations:

 All work packages within a subtask are executed in serial (F–S) fashion.

 All subtasks within a task are executed in a serial (F–S) fashion.

 All tasks (deliverables) are executed according to the Gauchito project plan appendix W G:

Gantt.

You will need an evening for data collection, an evening for compiling the data, and an evening to

write up your findings. For your project tools, use the examples and tools available in Course

Resources or the Internet that meets all the criteria of the grading rubric and complete the

requirement, using your assigned project scenario found in the Course Resources section of the

class website.

Directions for Submitting

1. Upload your Excel EVM tool in the Assignment Dropbox.

2. Ensure that your documents address the criteria of the rubric and follow the stated requirements.

3. Submit your Assignment to the Unit 2 Assignment link located in the Dropbox.

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GM593 Unit 2 Assignment: Calculating Project Budget Estimate

Updates

Points

Possible

Points

Earned

Content

The necessary data for labor, equipment, material, duration, start, finish, and predecessors are correctly annotated as provided by the instructions into the Gauchito EVM tool.

10

A Gantt bar graph for the project BCW S (PV) was constructed in the

EVM tool template according to the provided table.

5

All tasks (deliverables) are executed according to the Gauchito project plan appendix WG: Gantt and/or Gauchito Project W orkbook tabs for labor costs, material costs, equipment costs, and schedule.

10

Task level activities are correctly scheduled with predecessors and

successor according to precedence relationships from the project plan

or project workbook.

5

A critical path is displayed according to CPM.

5

The depicted Cumulative Cost Curve/Baseline graph correctly

reflects the Planned Value.

5

The graph correctly depicts the project BAC and EAC for the start of the project.

5

Analysis

Response exhibits strong higher-order critical thinking and

analysis (e.g., evaluation). Submission shows original thought.

10

Analysis includes proper classifications, explanations, comparisons,

and inferences.

10

Critical thinking includes appropriate judgments, conclusions,

and assessment based on evaluation and synthesis of

information.

10

Total

75